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2026-09-18 11:34:11
[Goldman Sachs maintains its forecast of $5,400 gold price by the end of 2027: Rate hikes will only slow the rise, not change the long-term upward trend] (1) Goldman Sachs maintains its forecast of $5,400/ounce for gold by the end of 2027. Despite the latest US rate hike, tighter monetary policy may slow the rise in gold prices, but it will not change its long-term upward trend. (2) In its report, Goldman Sachs stated that the impact of tighter monetary policy is expected to be mainly reflected in a slowdown in the short-term appreciation path of gold, rather than a decline in the final gold price. (3) The continued diversification of reserves by central banks around the world remains the main structural driver for Goldman Sachs' bullish outlook on gold. (4) Goldman Sachs pointed out that if the Federal Reserve adopts a more hawkish policy, gold may experience a larger correction. If the Federal Reserve raises interest rates three more times this year and signals that the final interest rate will rise further, the gold price may fall to about $4,070/ounce. (5) However, as central banks around the world continue to buy gold to support the market, the gold price is expected to rebound to about $4,200/ounce by the end of 2026.
