Report published June 19, 2026
Goldman Sachs Morning Market Update: FOMC Policy Shift and Gold Forecast (June 19, 2026)
Goldman Sachs · June 19, 2026
The report highlights a hawkish turn by the Federal Reserve and its implications for a stronger USD and moderated gold price expectations. Additionally, it provides a UK macro update, noting the BoE's hold on rates and Sterling's valuation headwind.
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Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.USD is expected to strengthen as 'credibility premium' fades following a hawkish FOMC pivot.
- 2.BoE holds rates at 3.75% with a cautious outlook, anticipating potential rate cuts in 2027.
- 3.Gold price forecast moderated to $4,900/toz for end-2026 due to the delay in Fed rate cuts.
Table of Contents
- FX OPTIONS TRADING
- GBP Update
- Where Do We Stand on US Inflation?
- COMMODITIES RESEARCH
Report data
EURUSD vs EUR-US 2y Real Rate Differential
| Metric | Estimate | Context |
|---|---|---|
| Bank Rate (UK) | 3.75% | Bank of England MPC decision |
| Gold Price | 4900 USD/toz | Revised gold price forecast |
Reports in this series
GS Morning Market Update is shown in chronological order through this edition, published on June 19, 2026.
Part of the GS Morning Market Update series — view all 11 editions
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