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Gold Falls Below $4,000 for First Time Since November, Goldman Sachs Targets $4,900 by Year-End

2026-06-26 06:58:59

According to Jin10, gold fell below the $4,000 mark yesterday for the first time since November, as investors redirected funds amid rising interest rate expectations. Despite central banks' continued gold purchases, outflows from other channels and persistent ETF selling pressures have offset bullish support. Goldman Sachs expects gold to rebound to $4,900 by year-end, with multiple banks maintaining positive longer-term outlooks despite recent downward price target revisions.

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