Goldman Sachs Lops $500 Off Gold Target on No Fed Cuts This Year

Goldman Sachs Group Inc. cut its year-end gold forecast by $500 an ounce as the Federal Reserve is no longer seen reducing rates in 2026.

By Yihui Xie · Bloomberg Markets

Goldman Sachs Group Inc. cut its year-end gold forecast by $500 an ounce as the Federal Reserve is no longer seen reducing rates in 2026.