Goldman Sachs sharply cuts its gold price target! Central bank gold purchases cannot offset the Federal Reserve's hawkish shift; the current landscape closely resembles that of 2022.
Published . Updated .
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This report is about gold and US interest rates.
Directly affected
- GS Goldman Sachs Group+0.6% 30d
Named in this report.
Indirectly affected
- GLD SPDR Gold Shares-5.3% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- GDX VanEck Gold Miners ETF-13.0% 30d
VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- TLT iShares 20+ Year Treasury Bond ETF-2.2% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “federal reserve” (US interest rates) in this story.
- NEM Newmont-13.0% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- BAC Bank of America-11.4% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “federal reserve” (US interest rates) in this story.
- JPM JPMorgan Chase+0.1% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “federal reserve” (US interest rates) in this story.
- AEM Agnico Eagle Mines-9.4% 30d
Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- WPM Wheaton Precious Metals-22.5% 30d
Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GS | +2.94% | +3.14% | base | after close | after close | after close | after close |
| GLD | -5.26% | -4.33% | base | after close | after close | after close | after close |
| GDX | -10.08% | -9.45% | base | after close | after close | after close | after close |
| TLT | -0.08% | -1.01% | base | after close | after close | after close | after close |
| NEM | -11.00% | -10.27% | base | after close | after close | after close | after close |
| BAC | +0.41% | -0.30% | base | after close | after close | after close | after close |
| JPM | -0.08% | +0.17% | base | after close | after close | after close | after close |
| AEM | -12.50% | -11.48% | base | after close | after close | after close | after close |
| WPM | -12.06% | -11.35% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Goldman Sachs sharply cuts its gold price target! Central bank gold purchases cannot offset the Federal Reserve's hawkish shift; the current landscape closely resembles that of 2022. 富途牛牛
Source: 블루밍비트
The price since 6 Nov 2026: Spdr Gold Trust (GLD) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Agnico Eagle Mines (AEM) | three days earlier | -11.48% | final price |
| Agnico Eagle Mines (AEM) | five days earlier | -12.50% | final price |
| Bank Of America (BAC) | three days earlier | -0.30% | final price |
| Bank Of America (BAC) | five days earlier | +0.41% | final price |
| Vaneck Etf Trust (GDX) | three days earlier | -9.45% | final price |
| Vaneck Etf Trust (GDX) | five days earlier | -10.08% | final price |
| Spdr Gold Trust (GLD) | three days earlier | -4.33% | final price |
| Spdr Gold Trust (GLD) | five days earlier | -5.26% | final price |
| GS | three days earlier | +3.14% | final price |
| GS | five days earlier | +2.94% | final price |
| Jpmorgan Chase (JPM) | three days earlier | +0.17% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -0.08% | final price |
| Newmont (NEM) | three days earlier | -10.27% | final price |
| Newmont (NEM) | five days earlier | -11.00% | final price |
| Ishares Tr (TLT) | three days earlier | -1.01% | final price |
| Ishares Tr (TLT) | five days earlier | -0.08% | final price |
| Wheaton Precious Metals (WPM) | three days earlier | -11.35% | final price |
| Wheaton Precious Metals (WPM) | five days earlier | -12.06% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar sold Goldman Sachs Group (GS), worth $1,001 - $15,000 on 24 Sep 2026. That is 43 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael Rulli bought Goldman Sachs Group (GS), worth $1,001 - $15,000 on 3 Sep 2026. That is 64 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Goldman Sachs Group (GS), worth $1,001 - $15,000 on 26 Aug 2026. That is 72 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought Newmont (NEM), worth $1,001 - $15,000 on 24 Aug 2026. That is 74 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 58 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 74 days before publication. Filed 16 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 63 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 63 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 71 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Gilbert Cisneros bought Wheaton Precious Metals (WPM), worth $1,001 - $15,000 on 26 Aug 2026. That is 72 days before publication. Filed 10 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Spdr Gold Trust (GLD)
Companies tied to this story
- GLD Spdr Gold Trust
In “Goldman Sachs sharply cuts its gold price target! Central bank gold purchases cannot offset the Federal Reserve's hawkish shift; the current landscape closely resembles that of 2022.,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- GDX Vaneck Etf Trust
Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “Goldman Sachs sharply cuts its gold price target! Central bank gold purchases cannot offset the Federal Reserve's hawkish shift; the current landscape closely resembles that of 2022..” Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
- TLT Ishares Tr
In “Goldman Sachs sharply cuts its gold price target! Central bank gold purchases cannot offset the Federal Reserve's hawkish shift; the current landscape closely resembles that of 2022.,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “federal reserve” (US interest rates) in this story
- NEM Newmont
In “Goldman Sachs sharply cuts its gold price target! Central bank gold purchases cannot offset the Federal Reserve's hawkish shift; the current landscape closely resembles that of 2022.,” Newmont (NEM) is linked, with no stored direction, medium confidence. Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- BAC Bank Of America
In “Goldman Sachs sharply cuts its gold price target! Central bank gold purchases cannot offset the Federal Reserve's hawkish shift; the current landscape closely resembles that of 2022.,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “federal reserve” (US interest rates) in this story
- JPM Jpmorgan Chase
For “Goldman Sachs sharply cuts its gold price target! Central bank gold purchases cannot offset the Federal Reserve's hawkish shift; the current landscape closely resembles that of 2022.,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “federal reserve” (US interest rates) in this story
- AEM Agnico Eagle Mines
In “Goldman Sachs sharply cuts its gold price target! Central bank gold purchases cannot offset the Federal Reserve's hawkish shift; the current landscape closely resembles that of 2022.,” Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence. Reason on file: Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- WPM Wheaton Precious Metals
In “Goldman Sachs sharply cuts its gold price target! Central bank gold purchases cannot offset the Federal Reserve's hawkish shift; the current landscape closely resembles that of 2022.,” Wheaton Precious Metals (WPM) is linked, with no stored direction, medium confidence. Reason on file: Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
Spdr Gold Trust (GLD)
On 6 Nov 2026, “Goldman Sachs sharply cuts its gold price target! Central bank gold purchases cannot offset the Federal Reserve's hawkish shift; the current landscape closely resembles that of 2022.” is the story that connects Spdr Gold Trust (GLD) to this story.
For Spdr Gold Trust (GLD), the reason on file says SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
Vaneck Etf Trust (GDX) is here too. Its reason reads: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
Dates in the story, and the Spdr Gold Trust (GLD) price range
GDX traded between 78.92 and 89.70 across 20 sessions. The latest close on file is 83.13. GLD traded between 373.41 and 395.44 across 19 sessions. The latest close on file is 379.67. TLT traded between 76.44 and 81.50 across 19 sessions. The latest close on file is 79.46.
What the saved facts support for Spdr Gold Trust (GLD)
46 out of 100
“Goldman Sachs sharply cuts its gold price target! Central bank gold purchases cannot offset the Federal Reserve's hawkish shift; the current landscape closely resembles that of 2022.” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.