New Forecast for Gold From Goldman Sachs: How Much Will It Be?
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4 Articles
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.
While gold is rising despite the Fed's interest rate hike, a noteworthy assessment has come from Goldman Sachs. The bank made an ambitious prediction for the price of gold by the end of 2027, despite tight monetary policy, and also revealed the biggest obstacle facing the yellow metal.
Despite the Fed's interest rate hike, Goldman Sachs maintained its long-term outlook for gold, keeping its target for the end of 2027 at $5,400 per ounce. The giant bank predicts that tight monetary policy will only slow down the rally rather than end it, and also explained the level of risk involved in a more hawkish Fed scenario.
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