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Goldman Sachs Lops $500 Off Gold Target on No Fed Cuts This Year

Goldman Sachs Lops $500 Off Gold Target on No Fed Cuts This Year
Bloomberg Markets Friday 19 June 2026, 03:23 UTC By Yihui Xie 1 min read
Key Points

Goldman Sachs Lops $500 Off Gold Target on No Fed Cuts This Year Goldman Sachs Group Inc. cut its year-end gold forecast by $500 an ounce as the Federal Reserve is no longer seen reducing rates in 2026. The revised target of $4,900 an ounce for December implies bullion is still expected to gain ground in the second half, although less than previously expected, analysts Lina Thomas and Daan Struyven said in a note.

Goldman Sachs Lops $500 Off Gold Target on No Fed Cuts This Year Goldman Sachs Group Inc. cut its year-end gold forecast by $500 an ounce as the Federal Reserve is no longer seen reducing rates in 2026. The revised target of $4,900 an ounce for December implies bullion is still expected to gain ground in the second half, although less than previously expected, analysts Lina Thomas and Daan Struyven said in a note.
Goldman Sachs Lops (ORG) Goldman Sachs (ORG) Goldman Sachs Group Inc. (ORG) the Federal Reserve (ORG) Lina Thomas (PERSON) Daan Struyven (PERSON)
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