Goldman Sachs maintains 2027 year-end gold price target at $5,400 per ounce

Goldman Sachs released a commodity strategy report on September 18, maintaining its long-term forecast for gold despite the Federal Reserve's recent interest rate hike. The bank reaffirmed its target price of $5,400 per ounce for spot gold by the end of 2027. Goldman Sachs noted that while the Fed's decision impacts short-term liquidity and risk appetite, the core logic for holding gold as a hedge against currency devaluation and systemic risk remains unchanged.