Goldman Sachs Lowers Year-End Gold Price Forecast Amid Rate Cut Doubts

Goldman Sachs has revised its year-end forecast for gold, now predicting a price of $4,900. This marks a decrease of $500 from its earlier target.

While this forecast suggests an increase from current gold prices, it falls short of prior expectations, indicating a cautious outlook.

The revision comes amid uncertainties regarding potential rate cuts, which may influence gold's performance in the market.