Goldman Sachs has kept its gold price forecast for the end of 2027 at $5,400 per troy ounce, despite the recent U.S. interest rate hike. The bank said that while monetary tightening is expected to slow the pace of gold's rise, the upward trend itself will not break down. In a report, Goldman said the impact of tightening will show up mainly through a slower short-term pace of gains rather than an eventual decline in the gold price, and noted that continued diversification by central banks around the world is the key structural factor sustaining its bullish outlook on gold. On the other hand, it said a further strengthening of the Federal Reserve's hawkish stance could trigger a significant correction in gold prices, and if the Fed raises rates three more times this year and signals a higher terminal rate, gold could fall to around $4,070. However, it expects continued central bank buying to support the market, with prices recovering to around $4,200 by the end of 2026.
Goldman Sachs Group IncGoldman maintains its year-end 2027 gold forecast at $5,400, a research call on gold rather than a company-specific financial event.
