Goldman Sachs gold price target takes a turn after Fed rate hike
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Goldman Sachs believes that interest rate hikes will only slow the pace of the rise, not end the bull market. They predict a fair value of $4,650 for gold by the end of the year. The most crucial support comes from central bank gold purchases—currently at a rate of 91 tons per month, more than five times the historical average, making the structural trend difficult to reverse. Furthermore, call option open interest is three times the average, an…
Goldman Sachs gold price target takes a turn after Fed rate hike
The textbook response to a Federal Reserve rate hike is simple enough: bond yields climb, the dollar strengthens, and gold, which pays no interest to holders, becomes less attractive by comparison. That is exactly what happened, and yet one of Wall Street’s biggest banks is telling clients not to…
Goldman Sachs kept his projection of US$5,400 per ounce-troy for gold at the end of 2027, hitting the first high of 25 basis points on US interest by the Federal Reserve (Fed, the central bank of the United States) in three years. Although higher interest rates should continue to press the gold prices in the short [...]
Goldman Sachs maintained its end-2027 gold forecast at $5,400 despite the Fed's interest rate hikes. The bank also stressed that gold could fall to $4,070 if the Fed adopts a more hawkish path.
Gold prices, which briefly fell after the Fed's decision, have risen again. Goldman Sachs maintained its forecast of $5,400 per ounce of gold for the end of 2027. The bank warned that prices could fall under different interest rate scenarios and included figures for those situations.
Goldman Sachs kept its end-of-2027 forecast for gold at $5,400 an ounce despite the Fed's recent interest rate hike. The bank said gold could fall back to about $4.070 in the short term if the Fed takes a more hawkish path.
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