Goldman Sachs Keeps $5,400 Gold Price Target After Gold’s Worst Month Since 2008
Gold rose 1.1% to $4,559.46 an ounce Tuesday but remains down over 13% for March, its steepest monthly drop since 2008. Goldman Sachs maintained its $5,400 end-2026 target, while HSBC and Commerzbank were less bullish. Central-bank gold buying slowed in January, according to the World Gold Council. Analysts cited high oil prices, a strong dollar, and fading Fed cut hopes as risks.