Goldman Sachs Lowers Gold Forecast by $500 on Expected Fed Rate Cut Delay
By
@cointelegraph
Summary
Goldman Sachs has slashed its year-end gold price forecast by $500 per ounce, lowering the target from $5,400 to $4,900. The revision is driven by expectations that the US Federal Reserve will delay interest rate cuts, potentially pushing the next cuts to March 2027 and December 2027. Goldman Sachs analysts maintain a structurally constructive view on gold but are tactically cautious, citing near-term downside risk and medium-term upside risk. The delay in rate cuts could also weigh on broader risk assets, including cryptocurrencies.
Source
bskyGoldman Sachs Lowers Gold Forecast by $500 on Expected Fed Rate Cut Delaycointelegraph.comKey quotes
· 2 pulledOur gold price views remain structurally constructive but tactically cautious, with near-term downside risk and medium-term upside risk.
Goldman Sachs lowered its year-end gold forecast by $500 an ounce, citing expectations that the US Federal Reserve won't cut interest rates this year.
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