Goldman Sachs cuts year-end gold target by $500, doubting rate cuts
CoinTelegraph·
60-second summary
Goldman Sachs cuts its year-end gold target by $500 to $4,900, still indicating a potential increase from current levels, but less than previously expected. This revised forecast suggests a tempered outlook for gold prices. The reduced target may signal a decrease in investor demand for safe-haven assets, impacting the market's overall sentiment.
Goldman Sachs revised its year-end forecast for gold to $4,900, indicating an increase from current levels, but less than previously expected.