Goldman Sachs cuts year-end gold price target to $4,150/oz, 2027 target to $4,800/oz

(Kitco News) – The Federal Reserve’s hawkish shift has had a large impact on investor positioning, which has forced a reassessment of gold’s short- and medium-term price prospects, but the long-term remains constructive, according to strategists at Goldman Sachs.Goldman Sachs Research strategists led by Lina Thomas said in a recent note that they have lowered their year-end forecast by $500 per ounce, from $4,650 to $4,150, while slashing their year-end 2027 forecast from $5,400 to $4,800.