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Spot Gold Falls Below $3,950, Goldman Sachs Cuts 2026 Target Price to $4,900

2026-06-30 13:13:53

According to BlockBeats, spot gold fell below $3,950 per ounce today (June 30), declining 1.75% and marking the lowest level since November 2025, down approximately 29% from this year's January peak.

Following the price decline, Goldman Sachs cut its end-2026 gold target from $5,400 to $4,900, citing delayed Federal Reserve rate cut expectations until 2027 and hawkish signals from new Fed Chair Kevin Warsh. Deutsche Bank, Citigroup, Morgan Stanley, and ANZ also recently lowered their gold price forecasts.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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