The Fed's new hawkish reality just forced Goldman Sachs to slash its gold forecast by $500

From morningstar.com

Commodities strategists Lina Thomas and Daan Struyven wrote in a note on Thursday that they now see bullion rising to $4,900 an ounce by December - down from a previous forecast of $5,400. Gold (GC00) fell about 1.5% to $4,184 an ounce on Thursday, having hit multiple record highs last year as central banks sought to raise their reserves, and investors looked to acquire safe haven assets amid fears of President Donald Trump's tariffs on key imports. A gain of more than 60% last year marked its best annual performance since 1979. Since the start of the war in Iran, gold has tumbled 15%. The energy spike resulting from ... (full story)