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Goldman Lowers Gold View
Goldman Sachs has lowered its gold price forecasts to $4,150 an ounce by the end of 2026, from $4,650 previously, and to $4,800 by the end of 2027, from $5,400, citing the US Federal Reserve’s shift toward tighter monetary policy and higher interest rates. Although central-bank purchases support demand, the bank believes elevated rates are limiting private-sector investment. It expects rate cuts from late 2027 to early 2028 to support gold. If rates are raised again in March, gold could reach $4,660 by the end of 2027, though higher oil prices or falling share prices pose downside risks.
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