Goldman’s new gold target: Why the Wall Street bank is saying it’s early to buy the yellow metal

MarketWatch · Nora Redmond · 2026-11-06 12:47 UTC

Strategists at the investment bank said the change in expectations is down to the Federal Reserve’s hawkish shift.

Goldman Sachs has lowered its forecast for gold prices, citing the potential for more Federal Reserve interest-rate hikes.

The investment bank now expects bullion GC00 to settle at $4,150 a troy ounce by the end of 2026, down from a previous target of $4,650.

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