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

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 shift and its effect on investor positioning, according to Investing.com. The bank remains constructive longer term, projecting central-bank purchases of 60 tonnes monthly through 2026–27 and further support once Fed cuts begin, which it expects in second-half 2027. It warned higher oil prices could trigger systematic selling. Gold and silver had risen about 4% and over 5% since the U.S. midterms; Peter Schiff argued Democratic congressional control would support gold through spending, deficits and inflation.