Updated
Updated · Bloomberg · Jun 19Goldman Sachs Cuts 2026 Gold Target by $500 to $4,900 as Fed Cuts Vanish
3 articles · Updated · Bloomberg · Jun 19Summary
- $4,900 an ounce is Goldman Sachs' new December gold target, down $500 from its prior year-end forecast.
- No Federal Reserve rate cuts in 2026 now underpin the revision, reducing support for bullion prices in the bank's outlook.
- Goldman still expects gold to rise in the second half of the year, but by less than it had previously projected.
Insights
With gold forecasts thousands apart, which Wall Street giant is misreading the market's future? Will relentless central bank gold buying overpower the Federal Reserve's hawkish interest rate policy? Could the escalating Iran war make all expert gold price forecasts for 2026 obsolete?