BUSINESSJun 19 · 10:03 UTCMARKETWATCHNora Redmond

The Fed’s new hawkish reality just forced Goldman Sachs to slash its gold forecast by $500

Goldman Sachs has reduced its gold price forecast to $4,900 per tonne by year-end due to the Federal Reserve's hawkish policy stance, down from a previous estimate of $5,400.

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