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Wall Street Breakfast Podcast: Gold Hit Hard, Goldman Keeps $5,400 Target

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Commodities & Raw MaterialsCommodity FuturesAnalyst InsightsAnalyst EstimatesAutomotive & EVCorporate Guidance & OutlookCompany FundamentalsMarket Technicals & Flows

GM extended Factory ZERO downtime to April 2026 and cut EV production to match softer U.S. demand after taking $7.6B in writedowns, signaling material near-term headwinds for its EV output and profitability. Gold posted its steepest monthly drop since 2008, yet Goldman Sachs remains bullish with a $5,400 price target for XAUUSD by end-2026, implying divergent near-term weakness but a strong long-term view.

Analysis

GM extended Factory ZERO downtime to April 2026 and cut EV production to match softer U.S. demand after taking $7.6B in writedowns, signaling material near-term headwinds for its EV output and profitability. Gold posted its steepest monthly drop since 2008, yet Goldman Sachs remains bullish with a $5,400 price target for XAUUSD by end-2026, implying divergent near-term weakness but a strong long-term view.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.35

Ticker Sentiment

GM-0.80
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