https://www.miningweekly.com
Goldman Sachs|US Dollar|Gold Mining|Oil|US Federal Reserve
|||
goldman-sachs|us-dollar|gold-mining|oil|us-federal-reserve

Goldman Sachs trims gold forecasts as Fed stays hawkish

Gold bars

Photo by Reuters

6th November 2026

By: Reuters

  

Font size: - +

Goldman Sachs on Thursday lowered its end-2026 gold price forecast to $4 150/oz from $4 650/oz and its end-of-2027 forecast to $4 800/oz from $5 400/oz, citing implications of the US Federal Reserve's more hawkish policy stance in recent months.

Potentially higher oil prices could add to pressure through systematic selling, while sharp equity drawdowns could initially pull gold lower as margin calls and broader deleveraging force investors to raise cash, the bank said.

However, structural central bank demand remains supportive, while private wealth and other long-term investors may value gold as insurance against fiscal sustainability risks, it added.

Spot gold rose to a more than two-week high on Thursday as the US dollar and Treasury yields weakened after lower oil prices eased inflation concerns.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.028 0.05s - 115pq - 2rq
Subscribe Now