Goldman Sachs Cuts Gold Price Target by $500 on Fed Rate Outlook

2 sourcesFirst reported 1 month agoUpdated 1 month ago

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Goldman Sachs has lowered its year-end gold forecast by $500 per ounce.
The reduction is due to the expectation that the Federal Reserve will not cut rates this year.
Analysts believe rising interest rates could decrease gold demand as a hedge.
The new target price for gold is set at $4,900 per ounce by year-end.
Recent events, including Middle East tensions, have influenced gold's market pressures.

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All coverage (2)

Η Goldman Sachs «κόβει» κατά 500 δολάρια την τιμή-στόχο του χρυσού, βλέπει αυξήσεις επιτοκίων από τη Fednewsit.gr · 1 month ago
Goldman Sachs Lops $500 Off Gold Target on No Fed Cuts This YearBloomberg · 1 month ago

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AI summary: catch up in 20 seconds

Goldman Sachs has lowered its year-end gold forecast by $500 per ounce.
The reduction is due to the expectation that the Federal Reserve will not cut rates this year.
Analysts believe rising interest rates could decrease gold demand as a hedge.
The new target price for gold is set at $4,900 per ounce by year-end.
Recent events, including Middle East tensions, have influenced gold's market pressures.

Generated by AI from the 2 sources below · always verify with the originals