Goldman Sachs' new signal for the gold market; What is the new forecast for 2027?
🔹 Goldman Sachs reduced the gold price forecast at the end of next year (2027) from $4,800 to $4,650 per ounce.
Goldman Sachs' new forecast of $150 is 3.1% lower than the previous estimate. However, the bank still expects gold prices to rise 16% from current spot prices by December 2027, as it expects private investor demand for gold to resume once the Federal Reserve starts cutting interest rates later next year.
Irna Jahan