Goldman Sachs slashes gold price target, long-term bulls turn cautious

```htmlJinse Finance reports that on June 21, Goldman Sachs recently lowered its year-end 2026 gold price forecast by $500 per ounce, as the Federal Reserve is unlikely to cut interest rates again this year. Analysts at Goldman Sachs stated that the gold target price for December has been reduced to $4,900 per ounce. This means that gold prices are still expected to rise in the second half of this year, but the increase will be smaller than previously anticipated. In recent years, this Wall Street giant has been one of the most steadfast and high-profile bullish voices in the gold market. This adjustment in the gold target price marks a slight shift in the bank’s tone. (Cailian Press)```