On the 5th local time, Goldman Sachs Group analysts released the latest research report, lowering the target price of international gold from 4,650 US dollars/ounce to 4,150 US dollars/ounce by the end of 2026 and lowering the target price target price from 5,400 US dollars/ounce to 4,800 US dollars/ounce at the end of 2027. The reason is that the Fed's policy stance has been hawkish in recent months. The report points out that the potential rise in oil prices may put additional pressure on gold prices through programmatic sell-offs; a sharp retracement in the stock market may also drag down gold prices in the early stages, as additional security deposits and extensive deleveraging will force investors to sell gold assets to raise cash. Despite this, Goldman Sachs believes that central banks' demand for structured gold purchases still supports the price of gold, and private wealth and other long-term investors may also see gold as a tool to hedge against financial sustainability risks.

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