
Goldman Sachs lowered its gold price targets to $4,150 an ounce for end-2026 and $4,800 for end-2027, citing a more hawkish Federal Reserve outlook. The bank still expects central banks to buy about 60 tonnes of gold per month in 2026 and 2027, supporting its longer-term outlook.
The forecast points to higher interest rates limiting investment demand, while ongoing central-bank purchases provide support for gold. It does not report a direct change in feed-commodity supply or demand.
After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.