Goldman Lops $500 Off Gold Target on No Fed Cuts This Year (opens original article in a new tab)

Goldman Sachs reduced its year-end gold price target by $500 an ounce, citing no expected Federal Reserve rate cuts in 2026, while still anticipating a rise in gold prices for the second half of the year.

• Goldman Sachs cut its year-end gold forecast by $500 an ounce due to no expected Fed rate cuts in 2026
• The revised target of $4,900 an ounce still expects gold to rise in the second half of the year
• Central bank purchases and potential Fed rate hikes influence gold price outlook
• Gold prices declined to $4,135 an ounce, marking a third weekly loss
• Analysts note near-term downside risk and medium-term upside risk for gold