Gold Is Up 4% Since Midterms: Here’s Where Markets Think The Precious Metal Prices Are Headed - TradingView

AI desk brief

Goldman Sachs cut its year-end 2026 gold forecast to $4,150/oz from $4,650 and its end-2027 target to $4,800 from $5,400, citing a hawkish Fed and weaker investor positioning, according to Investing.com. Gold was quoted at $4,055.35, up about 4% since the U.S. midterms; silver gained over 5% to $53.32. Goldman remains constructive longer term, projecting central-bank purchases of 60 tonnes monthly through 2027 and support from Fed cuts it expects in second-half 2027. Renewed tightening or delayed easing would weaken that outlook; its adverse policy scenario puts end-2027 gold at $4,660.