# ICYMI: Goldman cuts gold forecasts to $4,150 for 2026, $4,800 for 2027 as hawkish Fed bites

> 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.

- Date: 2026-11-09 · published 2026-11-09T03:15:23.749Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/88637-icymi-goldman-cuts-gold-forecasts-to-4-150-for-2026-4-800-for-2027-as-hawkish
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-07-31 | [Gold, Silver Dip as Fed Cuts Rates for First Time Since 2008 \| INN](https://feedsoft.ai/events/58017-gold-silver-dip-as-fed-cuts-rates-for-first-time-since-2008-inn.md) | +0.9% | +1.8% |
| DXY | 2021-11-30 | [Gold retreats as Fed's Powell strikes hawkish tone](https://feedsoft.ai/events/43957-gold-retreats-as-fed-s-powell-strikes-hawkish-tone.md) | -0.4% | -1.0% |
| DXY | 2024-12-18 | [Gold slides below $2,600 as Fed signals two rate cuts in 2025](https://feedsoft.ai/events/26855-gold-slides-below-2-600-as-fed-signals-two-rate-cuts-in-2025.md) | +0.7% | +1.5% |
| DXY | 2023-10-10 | [Consensus price forecasts – Outlook dampened by Fed's hawkish tone \| S&P Global](https://feedsoft.ai/events/33534-consensus-price-forecasts-outlook-dampened-by-fed-s-hawkish-tone-s-and-p-global.md) | -0.0% | -1.4% |
| DXY | 2026-06-25 | [BofA cuts euro forecasts, sees stronger dollar in second half on hawkish Fed By Investing.com](https://feedsoft.ai/events/19032-bofa-cuts-euro-forecasts-sees-stronger-dollar-in-second-half-on-hawkish-fed-by.md) | -0.2% | -0.4% |

## Sources

- investinglive.com: https://investinglive.com/commodities/icymi-goldman-cuts-gold-forecasts-to-4-150-for-2026-4-800-for-2027-as-hawkish-fed-bites/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.