The bank lowered its gold target by $500 after dropping expectations for Federal Reserve rate cuts in 2026, though the revised forecast still implies gains from current levels.
Goldman Sachs lowered its year-end gold forecast to $4,900, a $500 reduction from its previous target. The bank said the revision reflects fading expectations for Federal Reserve rate cuts in 2026, a shift that weakens a key support for gold, while the new target still indicates potential upside from current levels.