Goldman Sachs Cuts Gold Price Target: Sees $4,150 by End-2026, Fed Rate Hikes the Key Variable - BigGo Finance

AI desk brief

Goldman Sachs cut its end-2026 gold target to $4,150/oz from $4,650 and end-2027 to $4,800 from $5,400, citing weaker Western hedging demand under its forecast December 2026 Fed hike. It forecasts central bank purchases averaging 60 tonnes monthly in 2026–27, providing structural support but not guaranteeing a price floor. Further tightening or delayed easing could limit end-2027 gold to $4,660; three projected cuts from late 2027 into early 2028 could revive ETF demand. Goldman excludes uncertain options amplification from its base forecast, while intensified fiscal-sustainability concerns could restore hedging demand and lift gold above $4,800. It expects conditions to remain challenging for leveraged funds over the next three to six months.