Goldman Sachs cuts year-end gold target to $4,900 amid stable Fed rate outlook

Goldman Sachs lowered its year-end gold price target to $4,900 per ounce, citing expectations that the Federal Reserve will keep interest rates steady through 2026. The revision contrasts with earlier projections influenced by anticipated rate cuts and strong ETF and central bank demand. Gold is currently trading in the low $4,300s per ounce.