Goldman holds gold forecast at $5,400 after Fed rate increase
Goldman Sachs kept its end-2027 gold forecast of $5,400 per ounce despite the Fed's rate hike, saying tighter policy will slow but not derail the rally.
Goldman Sachs kept its end-2027 gold forecast of $5,400 per ounce despite the Fed's rate hike, saying tighter policy will slow but not derail the rally.
JPMorgan notes Bitcoin could outpace gold if ETF hedge unwinds, citing short interest and options data.
The Fed raised rates by 25 bps to 3.75-4.0%, a unanimous vote under Warsh. Analysts split on inflation's duration, with UBS seeing gold pressure near-term but…
Gold rose $81, S&P 500 gained 1.1%, and the dollar lagged as Treasury yields dropped, with mixed economic data.
Bloomberg's Eric Balchunas predicts Bitcoin ETFs could hold three times gold's ETF assets, implying a potential BTC price range of $490k-$730k.
Bloomberg analyst Eric Balchunas predicts Bitcoin ETFs will triple gold ETFs in assets as younger investors mature and volatility decreases.
Trump says he faces a big decision on whether to launch new attacks on Iran, keeping both escalation and de-escalation open.
European markets saw gains as oil prices and bond yields eased following the Fed and BOE rate decisions.
Gold rebounded after a dip below $4,300 as the Fed's decision was seen as less hawkish than markets expected. Focus shifts to Middle East and data.
Gold's post-Fed rebound may have trapped sellers, with a breakout above $4,348 needed to confirm the recovery.
Peter Schiff argues the bond market broke in 2020 and the Fed has lost the inflation fight, while debating Bitcoin's value against gold.
Fed hikes rate to 4%; 16 of 18 officials see further increase. Bitcoin spiked then fell, gold sold off after the decision.
Morgan Creek Capital CEO Mark Yusko says bitcoin's fair value is $105,000, making it 'on sale' at $75,701 and a good accumulation opportunity.
European markets steady before Fed decision, with oil and bond yields easing.
Gold traders await the FOMC decision, with focus on Dot Plot and Middle East developments.