Goldman Sachs revamps 2027 gold price target, but signals rebound - Yahoo Finance

AI desk brief

• Goldman Sachs cut its year-end 2027 gold target to $4,800/oz from $5,400 and its 2026 forecast to $4,150 from $4,650. The 2027 target implies roughly 18% upside from November 6, 2026’s $4,070.59 close; Goldman sees recovery if rates begin falling in late 2027.
• The article identifies support at $4,000–$4,030, then $3,870. Recovery confirmation requires a sustained climb above $4,100–$4,150 followed by a move above the 50-day average near $4,198; negative MACD leaves momentum weak.
• WGC reported September net central-bank purchases of 61 tonnes. However, Reuters reported an 80% probability of a December rate hike after strong jobs data. Persistent inflation could delay easing, countering the recovery case ahead of November 10 inflation data and the December 8–9 Fed meeting.