Goldman Sachs delays its prediction for gold prices to $3,000 until mid-2026, with the Federal Reserve's slowdown in interest rate cuts being the main reason
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Goldman Sachs has postponed its prediction for gold prices to $3,000 until mid-2026, citing market expectations that the Federal Reserve will reduce the pace of interest rate cuts. Analysts point out that the slowdown in monetary easing in 2025 will suppress demand for gold ETFs, with gold prices expected to reach $2,910 per ounce by the end of the year. Central bank purchases remain a long-term driver for gold prices, with an average monthly purchase volume expected to reach 38 tons by mid-2026. The Federal Reserve has cut interest rates by 75 basis points this year, lower than market expectations
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