Goldman Sachs Reduced Its Gold Price Target for the End of 2026

Crypto Insight Summary: Goldman Sachs has lowered its year-end gold forecast by $500 to $4,900 an ounce. This revised forecast comes as hopes for a 2026 rate cut fade. The revised target still implies gains in the second half, though smaller than the bank previously projected. Analysts Lina Thomas and Daan Struyven outlined the change in a research Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Gold price target cut signals reduced safe haven demand, impacting crypto as alternative assets.