Goldman Sachs has lowered its gold price forecast for the end of 2026 to $4,150 per ounce

Goldman Sachs analysts Lina Thomas and Dan Struyven published the "Precious Metals Analyst Report: Long-term Bullish on Gold, But Not Now" on November 5, lowering their forecast for the gold price at the end of 2026 from $4,650 per ounce to $4,150, and the target price for the end of 2027 from $5,400 to $4,800.