Gold won't reach $3,000 until Q2 2026, Goldman Sachs says

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Goldman Sachs analysts push back their projected timeline for gold (GC=F) to reach $3,000 to the second quarter of 2026 and have now set their 2025 year-end target to $2,910. The analysts say the Federal Reserve's more hawkish approach to 2025 could weigh on gold price growth, but President-elect Donald Trump's expected tariffs could bolster buying as an inflation hedge.

Seana Smith and Madison Mills take a closer look at the Goldman note and what it signals about gold prices.

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This post was written by Naomi Buchanan.