Waller’s “hawkish debut,” Goldman Sachs lowers gold price target, “If there really is a rate hike this year, gold prices will fall further.”
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Hit by the dual shocks of the Federal Reserve not cutting rates in 2026 and hawkish statements from new Chair Waller, Goldman Sachs has sharply lowered its year-end 2026 gold target price from $5,400 per troy ounce to $4,900, classifying its recent strategy as ‘tactically cautious’. It also