Goldman Sachs significantly lowered its 2026 gold target price.

Goldman Sachs recently slashed its year-end 2026 gold target price to $4900 per ounce, a decrease of $500. This means that, although Goldman Sachs still sees a rise in international gold prices this year, the upside potential is far less than previously expected. The reason given by Goldman Sachs is that the Federal Reserve is unlikely to cut interest rates this year, and the bank's economists have postponed the timing of the next rate cut to 2027, which will directly weaken expectations for further inflows of funds into gold ETFs.