Goldman Sachs lowers gold target price to $4,150

On the 5th local time, analysts from Goldman Sachs released their latest research report, lowering the year-end 2026 target price for international gold from $4,650/ounce to $4,150/ounce, and reducing the year-end 2027 target price from $5,400/ounce to $4,800/ounce. The reason cited is the increasingly hawkish stance of the Federal Reserve in recent months. The report points out that a potential increase in oil prices may put additional pressure on gold prices through programmatic selling; a sharp stock market pullback may also drag gold prices lower in the early stages, as margin calls and broad deleveraging could force investors to sell gold assets to raise cash. Nevertheless, Goldman Sachs believes that structural gold purchasing demand from central banks worldwide continues to support gold prices, and that private wealth and other long-term investors may also view gold as a tool to hedge fiscal sustainability risks. (CCTV Finance)