📉 Goldman Sachs trims its gold price forecast for the end of 2026 to $4900 per ounce, down from $5400.
🔸 Target cut by $500 as rate cut expectations diminish. 🔸 Gold hit a record near $5600 in January, then wrapped up May with its third monthly loss. 🔸 If the Fed raises rates, demand for gold as a safe haven might drop, pushing prices down to $4400 per ounce.
#MarshCrypto @MarshCrypto
🔸 Target cut by $500 as rate cut expectations diminish. 🔸 Gold hit a record near $5600 in January, then wrapped up May with its third monthly loss. 🔸 If the Fed raises rates, demand for gold as a safe haven might drop, pushing prices down to $4400 per ounce.
#MarshCrypto @MarshCrypto