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Goldman Cuts Gold Target
Goldman Sachs lowered its forecast for gold in December 2027 from $4,800 to $4,650 per ounce—a drop of $150, or 3.1%—but still expects the price to rise by about 16% from the spot levels it used as its benchmark. The bank attributed the downgrade to the possibility that U.S. monetary policy will remain tight and interest rates will rise, weakening private investment demand for gold. Over the longer term, prices are likely to be supported by central-bank purchases and a recovery in investor demand as expected rate cuts begin in December 2027.
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