Two Foreign Banks Reveal Gold Forecast After the Fed Decision
Two Foreign Banks Reveal Gold Forecast After the Fed Decision
Following the Federal Reserve’s latest interest rate announcement, U.S. investment bank Goldman Sachs and Canada’s largest bank, Royal Bank of Canada (RBC), published new projections for gold prices in the coming years.
Goldman Sachs: Gold could reach $4,900 by end-2026
Goldman Sachs forecasts that gold may climb to $4,900 per ounce by late 2026, citing low gold positioning in portfolios and rising investor interest in diversification.
The bank emphasized that renewed demand for gold and shifts in long-term investment strategies could support sustained upward momentum over the next two years.
RBC: $5,000 may be exceeded in 2027
RBC issued an even more bullish outlook, noting that ongoing central bank purchases and strong investor demand continue to reinforce gold’s role as a non-sovereign asset.
The bank expects gold to average $4,600 in 2026, climb to $4,800 by year-end, and reach an average of $5,100 in 2027.
Gold prices after the Fed decision
Despite the optimistic forecasts, gold opened lower after Powell’s cautious tone. Spot gold fell 0.38% to $4,214 as of 09:45.
Gram gold also dipped 0.32% to 5,774 TRY.
