Global marketsUpdated November 6

Goldman cuts its 2026 and 2027 gold forecasts.

For 2026, Goldman Sachs now expects gold to end the year at $4,150 an ounce, down from $4,650. Its year-end forecast for 2027 is now $4,800 an ounce. The bank attributed the lower forecasts to a more hawkish Federal Reserve stance. Both targets have moved down, though the 2026 figure is the one with a clear before-and-after.

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Coverage started November 6