Goldman Sachs cuts the target price for gold by $500, structurally optimistic but tactically cautious. In plain language: long-term bullish, short-term just holding on, waiting until 2027 when interest rates are cut.

CoinWorld News: Goldman Sachs has lowered its year-end gold forecast by $500, reducing the target price from $5,400 to $4,900. Although the bank still expects gold prices to rise, it believes the increase will be smaller than previously anticipated. This adjustment is due to Goldman Sachs no longer expecting the Federal Reserve to cut interest rates in 2026, with the market now expecting the next rate cut to be delayed until 2027. Goldman Sachs' commodity analysts stated that, despite remaining "structurally optimistic" about gold, they are tactically cautious, noting short-term downside risks and medium-term upside risks. Goldman Sachs' downward revision does not mean the bank is completely bearish on gold; the $4,900 forecast still exceeds current levels, but future trends will depend more on cooling inflation and changes in Federal Reserve policies.