{
  "id": 19976307,
  "title": "Goldman Sachs just slashed its 2027 gold forecast. Here are the new numbers",
  "url": "https://urgent.news/2026/11/14/goldman-sachs-just-slashed-its-2027-gold-forecast-here-are-the-new",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-14T12:10:32.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/commodities-news/goldman-sachs-just-slashed-its-2027-gold-forecast-here-are-the-new-numbers-5027310"
  },
  "original_language": "en",
  "account": "Goldman Sachs has reduced its projected gold price for the end of 2027 to $4,650 per ounce, down from the previously estimated $4,800. The bank attributes this decrease to a tougher near-term outlook, with expectations of additional Federal Reserve interest rate hikes potentially dampening private investor demand for the precious metal. Goldman's revised forecast represents a $150 or 3.1% reduction from its earlier estimate.\n\nDespite this downward adjustment, the bank still anticipates a 16% upside from current spot prices by December 2027. This projection hinges on the bank's belief that private investor demand will rebound once the Federal Reserve initiates rate cuts later next year. Goldman maintains a constructive long-term view on gold, citing structural support from central bank purchases, including ongoing buying by China's central bank.\n\nHowever, the economists now foresee the Federal Reserve delivering a third 25-basis-point interest rate increase in March 2027, following a previously expected hike in December 2026 that was already factored into their earlier forecast. A series of rising federal funds rates is anticipated to create headwinds for private-sector investor positioning in gold throughout early 2027, putting a constraint on its price despite ongoing central bank accumulation.\n\nTo align with its outlined downside scenario, Goldman has shifted its December 2027 price forecast lower, reflecting the potential for prolonged tight monetary policy. The bank projects that private investor demand will rebound once the Federal Reserve commences easing monetary policy in December 2027, eliminating a key constraint on gold prices and enabling investment demand to return. This anticipated recovery, combined with continued structural central bank purchases, is expected to propel gold to $4,650 an ounce by the end of 2027, as Goldman's economists believe.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}