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.

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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

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