Quartz
Fri, Nov 6, 13:22 UTC UTC
Goldman Sachs lowered its gold forecast as the Fed turns hawkish
Gold Medium impactFed & ratesTechnicals & forecasts
The bank's end-2026 target drops to $4,150 an ounce from $4,650 while traders see a 64% chance of a December Fed rate hike
Goldman Sachs $GS cut its gold outlook for the end of 2026 to $4,150 a troy ounce, down from $4,650, on Thursday, according to CNBC .
The bank pointed to the possibility of additional rate increases from the Federal Reserve, according to Market Watch .
From Quartz
Gold reaction
GoldCFD analysis
Our headline model reads this story as bearish for gold because of:
- Hawkish policy
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