Goldman Sachs Reduces Gold Price Target to $4,900 Amid Fed Changes
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowGoldman Sachs cut its year-end gold price target by $500, down to $4,900 from $5,400, citing changes in Federal Reserve policy. The Fed has pushed back anticipated rate cuts to June and December 2027, which reflects a more hawkish stance than previously expected. Goldman analysts noted that lower inflows into gold ETFs also contributed to the revised forecast. If the Fed raises rates instead of holding, Goldman warns gold could drop to $4,400 by year-end, emphasizing a noted shift in market conditions affecting demand.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About The Goldman Sachs Group (GS)
Goldman Sachs is a leading global investment bank specializing in advisory, trading, and asset and wealth management.
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