Goldman Sachs has lowered its gold price forecast, expecting the price to reach $4,150 per troy ounce by the end of 2026, down from an earlier target of $4,650. This adjustment is due to the possibility of further interest rate increases by the Federal Reserve, which could weigh on gold prices. The bank's cautious stance suggests it may be too early for investors to buy gold aggressively. The outlook reflects concerns about tighter monetary policy impacting the yellow metal's appeal as a safe haven.
Goldman's new gold price target provides context for market watchers. For readers following US stocks on Pluang, here is the market snapshot as of Nov 06, 2026 19:12 WIB: out of 150 priced US stocks, 66 rose and 81 fell. Notable movers include DraftKings Inc (DKNG) down 22.70% at USD 18.18, Airbnb Inc. (ABNB) up 13.47% at USD 193.05 with 94% buy order activity, and ASE Technology Holding Co Ltd (ASX) up 11.17% at USD 33.04 with 54% buy order activity.
Nexans has signed a subcontract to deliver a 420 km mass-impregnated 110 kV cable system for the 1 GW, 320 kV Corinth-Kos HVDC interconnection in Greece. This project, awarded to Hellenic Cables and partners, will connect the Dodecanese islands to ma...
Guggenheim analyst Howard Ma raised JFrog's price target to $125, signaling a 67.5% potential upside from its current price of $74.62. JFrog reported strong Q3 2026 results with revenue up 31% year-over-year to $179.2 million, driven by a 60% surge i...
The Indonesia data center market is projected to grow from USD 2.08 billion in 2027 to USD 4.05 billion by 2032, at a CAGR of 14.28%. Growth is fueled by expanding hyperscaler cloud infrastructure, rising digital workloads, increasing demand for colo...
Bitcoin's price fell below $76,000 after a failed rebound above $80,000, driven by weak spot demand and significant outflows from US Bitcoin and Ether ETFs totaling $530.1 million on November 5. Large Bitcoin holders showed some accumulation, but inc...
Koppers Holdings Inc. reported Q3 2026 sales of $499.1 million, up 2.8% from last year, driven by volume gains in wood preservatives and utility poles. However, net income fell 38.2% to $14.7 million due to rising raw material and logistics costs, wh...
