Kuala Lumpur, 19 June 2026 – Goldman Sachs has lowered its year-end gold price target by US$500 per ounce, reflecting a more cautious outlook for bullion as expectations for United States interest-rate cuts continue to fade.
The investment bank now expects gold to reach US$4,900 per ounce by the end of 2026, down from its previous forecast of US$5,400. The revision follows a reassessment of the Federal Reserve’s policy path, with stronger economic data and resilient labour-market conditions reducing the likelihood of monetary easing this year.
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