Goldman Delays $3,000 Gold Price Prediction to Mid-2026
Goldman Sachs has extended its year-end gold price forecast to $3,000 due to expectations that the Federal Reserve will make fewer interest rate cuts in 2025. The firm no longer expects gold to reach $3,000 per ounce by the end of the year, having postponed its forecast to mid-2026 in light of the expectation of fewer rate reductions from the Fed. Goldman’s economists anticipate that the Fed will cut rates by 75 basis points this year, lower than the previous outlook of a 100 basis point cut. Analysts now predict that gold will reach $2,910 per ounce by the end of the year. Today, gold is trading slightly higher in Asian markets at $2,640.