A post by @DeItaone on X.

Goldman Sachs cut its gold price forecasts, lowering its end-2026 target to $4,150 an ounce from $4,650 and its end-2027 target to $4,800 from $5,400. The revision follows a hawkish shift at the Federal Reserve, with Goldman now expecting a December rate hike and potential rate cuts only beginning in late 2027. The downgrade matters because higher-for-longer policy rates raise the opportunity cost of holding non-yielding bullion, a headwind for gold-linked flows and mining equities. Investors will watch incoming Fed communications and inflation data for confirmation of the December hike, plus gold's reaction around the $4,000 level as a gauge of whether the revised targets hold.