Goldman Sachs hit the brakes on gold: It reset its two-year price target

Goldman Sachs cut its year-end 2026 and 2027 gold price forecasts, citing the Federal Reserve's tight monetary policy as a cap on near-term upside. The bank said central bank buying continues to underpin the longer-term outlook even as it trimmed its targets. The revision matters because Goldman is among the most closely watched bullion forecasters, and its downgrade signals that elevated rates may delay the rally investors had expected. Markets will watch upcoming Fed policy signals and the pace of official-sector purchases for signs of when the next leg higher could begin.