The Fed’s new hawkish reality just forced Goldman Sachs to slash its gold forecast by $500 (opens original article in a new tab)

Goldman Sachs reduced its gold price forecast to $4,900 per tonne due to the Fed's more hawkish stance, down from $5,400.

• Gold forecast slashed by $500 by Goldman Sachs
• Gold price target now at $4,900 per tonne
• Fed's hawkish stance influenced the forecast cut