{"id":53,"date":"2026-06-20T14:07:53","date_gmt":"2026-06-20T14:07:53","guid":{"rendered":"https:\/\/thopnews.xyz\/?p=53"},"modified":"2026-06-20T14:07:53","modified_gmt":"2026-06-20T14:07:53","slug":"goldman-sachs-cuts-gold-target-by-500-on-fed-rate-cut-delay","status":"publish","type":"post","link":"https:\/\/thopnews.xyz\/?p=53","title":{"rendered":"Goldman Sachs Cuts Gold target by $500 on Fed Rate Cut Delay"},"content":{"rendered":"

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Goldman Sachs lowered its year-end gold forecast by $500 an ounce, citing expectations that the US Federal Reserve won\u2019t cut interest rates this year.\u00a0<\/p>\n

The revised target places gold at $4,900, down from earlier estimates of $5,400. It comes on the assumption that the next Fed cuts could be pushed to March 2027 and December 2027.\u00a0<\/p>\n

\u201cOur gold price views remain structurally constructive but tactically cautious, with near-term downside risk and medium-term upside risk,\u201d Goldman Sachs commodity analysts Lina Thomas and Daan Struyven said, according to Bloomberg.\u00a0<\/p>\n

A delay in US interest rate cuts could also weigh on cryptocurrencies, as lower interest rates tend to be favorable for digital assets such as Bitcoin. The war in Iran has also taken its toll on the assets.\u00a0<\/p>\n

Bitcoin has fallen 28.3% since January, and gold has declined more than 22% since its January all-time high of $5,327 per ounce. Gold is now just $135 away from dipping below $4,000, a level not seen since November, according<\/span> to GoldPrice.<\/p>\n

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Gold price one-year chart. Source: <\/em>GoldPrice<\/em><\/p>\n

Related: <\/strong><\/em>Bitcoin\u2019s deeply discounted versus AI-stocks, but hawkish Fed risk lingers: Bitwise<\/strong><\/em><\/span><\/p>\n

Last week, analysts cautioned that Bitcoin and gold may face further headwinds<\/span> this year following a 4.2% annual increase in the US Consumer Price Index in May, coupled with the conflict in the Middle East.<\/p>\n

Since gold pays no yield, rising rates could mean that holding gold becomes more expensive relative to bonds or cash, and the market may be repricing the entire \u201ceasy money\u201d thesis that drove gold to record highs earlier this year.<\/p>\n

\u201cOnly when inflation drops, rate cuts become viable, and liquidity improves alongside lower capital costs, will the overall risk appetite truly reverse,\u201d HashKey Group senior researcher Tim Sun told Cointelegraph.\u00a0\u00a0<\/p>\n

CME\u2019s FedWatch tool shows<\/span> a high chance of rates staying the same or rising in the remaining months of 2026, compared with the current target rate of 3.5% to 3.75%.\u00a0<\/p>\n

Magazine: <\/strong><\/em>The end of anon? AI could unmask crypto\u2019s hidden identities<\/strong><\/em><\/span><\/p>\n<\/div>\n

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Goldman Sachs lowered its year-end gold forecast by $500 an ounce, citing expectations that the US Federal Reserve won\u2019t cut interest rates this year.\u00a0 The revised target places gold at $4,900, down from earlier estimates of $5,400. It comes on the assumption that the next Fed cuts could be pushed to March 2027 and December …<\/p>\n","protected":false},"author":1,"featured_media":54,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-53","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t