Goldman Sachs reduced its year-end 2026 gold price forecast by $500 to $4,900 per ounce, according to a bank note on Friday. The revision reflects an increased likelihood that the U.S. Federal Reserve will raise interest rates rather than cut them this year, officials said. The bank had previously set a target of $5,400 per ounce in January, citing sustained private-sector diversification into bullion as a structural demand driver, as reported by Zero Hedge on February 23, 2026 [N-4]. At the time, gold was trading near $5,000 and days away from setting its record high of nearly $5,600 per ounce.…
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