Gold prices slipped toward the $4,000 mark on October 27 as a strengthening US dollar weighed on the precious metal. The move prompted Goldman Sachs to cut its year-end gold forecast to $4,650, though the bank still sees a potential 16% recovery from current levels.
The revision reflects a more cautious outlook for non-yielding assets amid firming dollar strength and elevated interest-rate expectations. With the Federal Reserve’s next policy decision approaching, analysts warn that a hawkish signal could further delay gold’s near-term rebound. Conversely, a dovish surprise could help the metal regain upside momentum.
For crypto markets, the same macro forces—dollar strength and rate uncertainty—may also weigh on risk sentiment, even if no specific digital asset is directly named in the gold-focused forecast.
