Goldman Sachs has lowered its gold price forecasts for the end of 2024 and 2027 due to the Federal Reserve's hawkish stance and expected rate hikes, which are dampening investor demand. The year-end 2024 forecast dropped from $4,650 to $4,150 per ounce, and the 2027 forecast was cut from $5,400 to $4,800. Despite this, Goldman Sachs remains optimistic about gold's long-term prospects, driven by strong central bank demand, especially from emerging markets like China. They expect central banks to continue buying gold at high rates and foresee price support returning when the Fed begins cutting rates in late 2027, making the current dip a potential buying opportunity for long-term investors.
Following Goldman Sachs' revision of gold price targets, GS shares are trading at USD 908.81 on Pluang as of Nov 13, 2026, 22:51 WIB, down 0.52% for the day. The stock holds a dividend yield of 2.19% and shows a typical hold time of 99 days among Pluang investors. Order activity leans towards buying at 67%, indicating continued interest despite the price adjustment.
