Live Feeds
● TRACKER Updated 16d ago · 45 sources tracked

Goldman Sachs gold price target takes a turn after Fed rate hike

Gold prices fell to approximately $4,120 as high oil costs sustain expectations for Federal Reserve interest rate hikes. While the metal saw brief gains on Monday due to retreating oil prices and a softer dollar, overall sentiment remains pressured by rising Treasury yields and a strong dollar. Investors are now focused on the October 28 FOMC meeting to determine the future policy trajectory. Market analysts suggest that while central bank purchases provide long-term support, current dollar strength is limiting the upside potential for gold prices.

🎙️

Listen to Live Briefing

Real-time synthesized voice briefing · Live Feeds Desk

⏱ ~2 min
Speed:
RSS Source map (49)
⚡ Key Developments & Real-Time Context
Text size:
  • ✓ Gold prices fell to approximately $4,120.
  • ✓ The S&P 500 and Nasdaq posted weekly losses.
  • ✓ The Federal Open Market Committee is scheduled to meet on October 28.
🛡️ Source Corroboration: 45 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Gold prices have dropped to about $4,120 as oil costs keep Fed rate hike bets alive.

Live updates

  1. Gold prices slip below $4,150 amid Federal Reserve hike bets

    Gold prices fell to approximately $4,120 as high oil costs sustain expectations for Federal Reserve interest rate hikes. While the metal saw brief gains on Monday due to retreating oil prices and a softer dollar, overall sentiment remains pressured by rising Treasury yields and a strong dollar. Investors are now focused on the October 28 FOMC meeting to determine the future policy trajectory. Market analysts suggest that while central bank purchases provide long-term support, current dollar strength is limiting the upside potential for gold prices.

    Why it matters

    Goldman Sachs previously set a December 2026 gold price target of $4,900 based on softer inflation. However, September consumer prices rose 3.7 percent annually, driven by energy costs. This inflation surge coincides with a volatile period for US markets and the approach of November 3 midterm elections.

    What is confirmed

    • Gold prices fell to approximately $4,120.
    • The S&P 500 and Nasdaq posted weekly losses.
    • The Federal Open Market Committee is scheduled to meet on October 28.
    • Oil prices reached $110.

    Still unconfirmed

    • Traders expect interest rates to remain unchanged in October with a possible hike in December.
    • Central bank buying supports longer-term gold prices.

    What to watch next

    • The Federal Reserve monetary policy decision on October 28
    • US midterm elections on November 3
    Sources used for this update (9)
    1. www.marketscreener.com — Global Stocks Fall on Higher Oil Prices, AI Pullback | MarketScreener
    2. cobak.co — Will the KOSPI 12,000 Era Arrive? The Future of the Korean Stock Market in 2027 Forecasted by Yuanta Securities | Crypto Community....
    3. www.cnbc.com — Gold edges up as dollar slips, Fed outlook in focus
    4. au.finance.yahoo.com — Stock market today: Nasdaq, S&P 500, Dow fall as tech stocks slide, oil climbs to $110
    5. www.cnbc.com — Gold edges up as oil retreat lends support; Fed decision in focus
    6. economictimes.indiatimes.com — Global Market: Euro falls as French political unrest, high ...
    7. pro.thestreet.com — Tech Bounces Back but Rising Yields Pressure Non-Tech
    8. admiralmarkets.com — Gold Below $4,150: Why the Safe Haven Is Not Working in a Fed Hiking Cycle
    9. economictimes.indiatimes.com — goldman sachs gold price prediction: Latest News & Videos ...
    confidence 90%

  2. US Inflation Rises 3.7% in September Ahead of Elections

    US consumer prices climbed 3.7 percent annually in September, exceeding expectations and driven by surging gasoline and energy costs. This hotter inflation report coincides with a volatile week for US markets where the Nasdaq Composite fell 4.48 percent and the S&P 500 dropped 1.95 percent. While Goldman Sachs previously raised its December 2026 gold price target to $4,900 per ounce based on softer inflation and predicted rate hikes, the latest Bureau of Labor Statistics data shows inflation is rising just weeks before the November 3 midterm elections.

    Why it matters

    Higher inflation typically prompts the Federal Reserve to raise interest rates to cool the economy. Such rate hikes can influence the attractiveness of gold as a hedge against inflation and currency devaluation. The current market volatility reflects investor anxiety over how artificial intelligence investments will be financed.

    What is confirmed

    • U.S. consumer prices climbed 3.7 percent annually in September.
    • The Nasdaq Composite fell 4.48 percent for the week of October 12 to 16.
    • The S&P 500 dropped 1.95 percent for the week of October 12 to 16.

    Still unconfirmed

    • Surging energy costs and gasoline prices drove the September inflation report.

    What to watch next

    • November 3 midterm election results
    • Federal Reserve interest rate decision for December
    • Upcoming Producer Price Index data releases
    Sources used for this update (15)
    1. economictimes.indiatimes.com — Business News Live, Share Market News - Read Latest Finance News, IPO ...
    2. pro.thestreet.com — Bank Earnings Get a Cool Reception as Chip Jitters Linger
    3. help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
    4. www.mitrade.com — Weekly Market Wrap: AI spending hit a reality check — and Starlink rewrote the telecom trade
    5. www.marketbeat.com — Top Biotech Stocks To Research - October 14th | MarketBeat
    6. en.sedaily.com — NAVER Map Navigation Comes to AI Glasses From Meta, Google, Samsung - Seoul Economic Daily
    7. www.bitget.com — Propland Price Prediction , PROPrice Prediction 2025
    8. www.archyde.com — US Inflation Rises in Final Report Ahead of Elections – Archyde
    9. worldmetrics.org — Top 10 Best Electronic Health Records Software (2026 Review)
    10. www.techradar.com — Best Electronic Health Records software of 2026
    11. www.marketscreener.com — PPI data gives Wall Street another headache
    12. note.com — US Market Report October 18, 2026
    confidence 90%

  3. Goldman Sachs hikes gold price forecast to $4,900/oz

    Goldman Sachs raised its December 2026 gold price forecast to $4,900/oz, amid a softer inflation reading and potential Federal Reserve rate hikes. The brokerage previously expected the next US interest rate hike in December, moving from its prior forecast of an October increase. Spot gold was trading around $3,960 per ounce.

    Why it matters

    The forecast change reflects shifting expectations around US interest rates and inflation. Goldman Sachs' revised forecast comes after a September rate hike, the first in three years, and the first under new chief Kevin Warsh. The August personal consumption expenditures price index rose 3.4% annually, missing the 3.7% estimate from economists polled by Reuters.

    What is confirmed

    • Goldman Sachs raised its December 2026 gold price forecast to $4,900/oz
    • The next US interest rate hike is expected in December
    • August personal consumption expenditures price index rose 3.4% annually

    Still unconfirmed

    • Gold could reach nearly $5,000 if Fed independence is undermined

    What to watch next

    • US September CPI release
    • Federal Reserve's decision on interest rates
    • Gold price movements
    Sources used for this update (16)
    1. coinpedia.org — Short News
    2. finance.yahoo.com — Here Are Wednesday’s Top Wall Street Analyst Research Calls: Abbott Laboratories, AppFolio, Delek US Holdings, Flutter Entertainment, Honeywell Aerospace, Intuitiv…
    3. www.marketscreener.com — Bond Markets Are Giving Stocks a Headache
    4. wallstsmart.com — GS Price Target 2026 & 2030 Stock Forecast | Goldman Sachs ...
    5. economictimes.indiatimes.com — GOLDMAN SACHS GOLD PRICE FORECAST - The Economic Times
    6. thaitimes.com — Gold Could Reach Nearly $5,000 if Fed Independence Is ...
    7. www.marketbeat.com — The Goldman Sachs Group (GS) Stock Forecast & Price Target
    8. wallstreetbuys.com — Goldman Sachs (GS) Stock Forecast 2026/2027: 25%+ Upside
    9. pro.thestreet.com — A Broad Friday Rally Takes the S&P 500 Just Below Record Highs
    10. finance.yahoo.com — Gold Just Fell to a Two-Month Low as the Fed Signals Another Hike
    11. finance.yahoo.com — Goldman Sachs Isn’t Ready to Raise Its 14% to 16% ROE Target ...
    12. www.thedailystar.net — Goldman hikes December 2026 gold price forecast to $4,900/oz
    confidence 70%

  4. Goldman Sachs delays Fed rate hike forecast to December

    Goldman Sachs now expects the next US interest rate hike in December, moving its previous forecast of an October increase. The brokerage cited a softer than anticipated inflation reading, suggesting the Federal Open Market Committee might eventually decide further hikes are unnecessary. This follows a September rate hike, the first in three years and the first under new chief Kevin Warsh. August personal consumption expenditures price index rose 3.4% annually, missing the 3.7% estimate from economists polled by Reuters.

    Why it matters

    Goldman Sachs previously lowered its 2026 gold fair value target to $4,650 due to tighter monetary policy. Interest rate expectations directly impact gold prices and investor sentiment regarding inflation control. Federal Reserve Bank of New York President John Williams stated the bank has time to evaluate data before its next move.

    What is confirmed

    • Goldman Sachs moved its forecast for the next US interest rate hike to December.
    • The Federal Reserve raised rates in September, marking its first hike in three years.
    • August personal consumption expenditures price index increased 3.4% on an annual basis.
    • Kevin Warsh is the new chief of the Federal Reserve.

    Still unconfirmed

    • The FOMC will ultimately conclude that additional rate hikes are unnecessary.

    What to watch next

    • Upcoming Federal Open Market Committee meetings regarding rate decisions
    • Future personal consumption expenditures price index reports
    Sources used for this update (6)
    1. economictimes.indiatimes.com — Motilal Oswal
    2. www.gulf-times.com — tag - Gulf Times
    3. www.thehindubusinessline.com — Stock Market Highlights, Oct 5: Sensex rises 472 pts to end at 72,382, Nifty settles at 22,555; ITC, Eter....
    4. www.kitco.com — Goldman Sachs pushes Fed rate hike forecast to December - KITCO
    5. economictimes.indiatimes.com — Goldman Sachs pushes Fed rate hike forecast to December
    6. blockonomi.com — Goldman Sachs Pushes Second Fed Rate Hike Forecast to December
    confidence 90%

  5. Goldman Sachs Lowers 2026 Gold Target Following Fed Rate Hike

    Goldman Sachs analyst Lina Thomas reduced the 2026 gold fair value target to $4,650 from $4,900 because of a Federal Reserve rate hike. The bank kept its year-end 2027 fair value estimate at $5,400. This price adjustment occurs as global markets react to tighter monetary policy and inflation data, including a 4.4% inflation rate in South Africa for August. Investor Bill Ackman suggests that the AI spending boom may complicate the Federal Reserve's efforts to control inflation despite rising borrowing costs.

    Why it matters

    Higher interest rates typically reduce the appeal of non-yielding assets like gold. Market volatility is currently driven by bond market selling and shifting expectations for monetary policy. These factors influence how analysts project the long-term value of precious metals.

    What is confirmed

    • Goldman Sachs analyst Lina Thomas lowered the 2026 gold fair value to $4,650 from $4,900.
    • Goldman Sachs maintained a year-end 2027 gold fair value of $5,400.
    • South Africa recorded a 4.4% inflation rate in August.

    Still unconfirmed

    • Bill Ackman says the Fed's rate hike could make inflation worse because companies continue spending on AI despite borrowing costs.

    What to watch next

    • The Labor Department's Friday release of the September jobs report.
    • Further Federal Reserve decisions on interest rate adjustments.
    Sources used for this update (5)
    1. www.cnn.com — Stock Market Data - US Markets, World Markets, and Stock Quotes
    2. www.tradingkey.com — Cal-Maine Foods (CALM) Q1 FY2027 Earnings Call: Egg Oversupply Drives Loss
    3. finance.yahoo.com — September jobs report live updates: US adds 29K jobs, labor demand 'flashing yellow'
    4. www.marketscreener.com — MIB worst performer; Fincantieri rises, banks fall | MarketScreener
    5. www.aol.com — Bill Ackman says the Fed’s rate hike could make inflation worse
    confidence 90%

  6. Goldman Sachs cuts 2026 gold fair value to $4,650 after Fed hike

    Goldman Sachs reduced its 2026 gold fair value to $4,650 from $4,900 after the Federal Reserve's rate hike. The bank's analyst, Lina Thomas, also maintained a year-end 2027 gold fair value of $5,400. This adjustment reflects the impact of higher interest rates on gold prices. Global economic concerns and inflation data, including South Africa's 4.4% inflation rate in August, are influencing market decisions.

    Why it matters

    The global economic landscape is experiencing shifts due to rising inflation and interest rates. The Federal Reserve's rate hike has impacted gold prices, with Goldman Sachs adjusting its forecast. Investors are closely monitoring central banks' monetary policy decisions, including the South African Reserve Bank's upcoming meeting.

    What is confirmed

    • Goldman Sachs trimmed its year-end 2026 gold fair value to $4,650 from $4,900
    • Goldman Sachs maintained its end-2027 gold fair value at $5,400
    • South Africa's inflation rate was 4.4% in August

    Still unconfirmed

    • Some market participants expect gold prices to reach up to $6,300 an ounce

    What to watch next

    • The South African Reserve Bank's upcoming monetary policy decision
    • The Federal Reserve's future interest rate decisions
    • Global inflation data releases
    Sources used for this update (11)
    1. www.thehindubusinessline.com — Stock Market Highlights Sept 25: Sensex gains 315 pts, Nifty ends at 23,140 as oil prices bite; Rupee clo....
    2. www.zerohedge.com — Futures Tumble As Yields Hit Multi-Decade Highs, Oil Surges | ZeroHedge
    3. ca.marketscreener.com — Good economic news does not please everyone | MarketScreener Canada
    4. www.canadianminingreport.com — Goldman Sachs Cuts 2026 Gold Fair Value After Fed Hike, Keeps ...
    5. www.thehindubusinessline.com — Stock Market Today Live: Sensex down 655 pts, Nifty holds 22,575 as crude hits $107 - The HinduBusinessLi....
    6. www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Markets fall for 2nd day as high oil prices, foreign fund outflows weigh
    7. stocktwits.com — LLY Vs NVO: Foundayo Beats Novo’s Oral Semaglutide On Weight Loss, Blood Sugar In New Finding
    8. www.briefs.co — Dollar Caps Best Month Since June as Traders Bet on More Fed Hikes
    9. www.livemint.com — Dollar Wraps Best Month Since March on Fed’s Inflation Fight | Stock Market News
    10. www.briefs.co — Deutsche Bank eyes new SRT tied to fund financing as it broadens hedges
    11. discoveryalert.com — Gold vs Silver in 2027: Why Wall Street Is Picking Sides
    confidence 90%

  7. Gold Sector Signals Clash With Bank Forecasts As Inflation Eases

    Gold exchange-traded funds and miners are flashing sell signals while major financial institutions predict prices could reach up to US$6,300 an ounce. This market tension unfolds as international inflation data shifts ahead of upcoming central bank interest rate decisions. South African inflation rose to 4.4% in August, falling slightly short of the 4.5% forecast, with core inflation easing to 4.1%. These price pressures for fuel and food are expected to influence the South African Reserve Bank's upcoming monetary policy choices.

    Why it matters

    Analysts and traders are attempting to reconcile short-term technical sell signals in gold funds with aggressive long-term institutional price targets. Divergent signals between technical market indicators and fundamental bank forecasts complicate trading strategies across the precious metals sector. Meanwhile, global inflation prints dictate the pace and direction of central bank rate adjustments, creating volatile conditions for non-yielding assets like bullion.

    What is confirmed

    • South Africa's inflation edged to 4.4% in August against a 4.5% forecast.
    • South Africa's core inflation eased to 4.1% in August.
    • Gold sector funds including GLD, GDX, and GDXJ are flashing sell signals.
    • Banks forecast gold prices up to US$6,300 an ounce.

    What to watch next

    • The South African Reserve Bank rate decision influenced by August inflation data
    • Future technical movements of GLD, GDX, and GDXJ exchange-traded funds
    • Bank forecast updates as macroeconomic conditions and global inflation prints evolve
    Sources used for this update (2)
    1. www.briefs.co — South African Inflation Rises Less Than Forecast Ahead Of Rate Decision
    2. discoveryalert.com — Why Gold Is Flashing Sell While Banks Forecast $5,000 an Ounce
    confidence 90%

  8. Gold Prices Rise as Fed Rate Hike Fails to Trigger Selloff

    Gold prices increased by over 2% and reached a one-week high despite a Federal Reserve rate hike. The metal held its gains as a weaker dollar and declining oil prices tempered inflation fears. While the Fed's move typically pressures gold, the market shrugged off the macro stress test. Traders are now balancing the rate outlook against geopolitical tensions in the Middle East and potential U.S.-China and U.S.-Iran talks. Goldman Sachs has adjusted its gold price target following the rate hike, with projections extending into 2027.

    Why it matters

    Gold often moves inversely to interest rates because it yields no interest. A Fed rate hike usually increases the opportunity cost of holding gold, typically driving prices down. Current resilience suggests investors are prioritizing inflation hedges and geopolitical risk over rate sensitivity.

    What is confirmed

    • Gold prices rose by more than 2%.
    • The Federal Reserve raised interest rates.
    • Gold reached a one-week high.
    • Lower oil prices helped temper inflation fears.

    Still unconfirmed

    • Goldman Sachs adjusted its gold price target after the Fed rate hike.
    • Gold prices may remain range-bound despite recent strong gains.
    • U.S.-China talks and the Iran conflict are currently influencing price stability.

    What to watch next

    • Goldman Sachs detailed price targets for 2027
    • Outcome of potential U.S.-Iran talks
    • Further Federal Reserve interest rate decisions
    Sources used for this update (12)
    1. thestreet.com — Goldman Sachs gold price target takes a turn after Fed rate hike
    2. Bloomberg.com — Gold Holds Gain as Lower Oil and Fed Hike Temper Inflation Fears
    3. Investing.com — What Fed rate hikes mean for gold prices in 2027, according to Goldman
    4. kitco.com — The Fed raised rates and gold didn’t break: Here’s why
    5. Reuters — Gold gains over 2% on weaker dollar, easing oil prices
    6. FOREX.com — Gold, silver shrug off a brutal macro stress test
    7. Bloomberg.com — Gold Steadies as Traders Weigh Inflation and Fed Hike Outlook
    8. CNBC — Gold holds steady as focus remains on Middle East, rate outlook
    9. Investing.com — Gold prices flat with focus on U.S.-China talks, Iran conflict
    10. The Times of India — Gold price outlook: Prices could remain range-bound despite strong gains; here's why
    11. reuters.com — Gold rises to one-week high, heads for weekly gain on easing oil prices
    12. www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Sensex falls 330 pts, Nifty closes at 23,329; oil slips to $98.9 ahead of potential US-Iran talks
    confidence 90%
📊

Community Sentiment: How do you assess this situation?

Voice your perspective · Real-time aggregated sentiment from the Live Feeds community