Gold hit hard, Goldman keeps $5,400 target
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 31 March 2026
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | It's good to be with you on this final day of March. Today is Tuesday the 31st. I'm Julie Morgan. |
| 0:15.4 | Gold is ticking higher. Spot gold is up about 1% to 4567, but down 14% this month. Silver advanced 4.4% to |
| 0:26.6 | $73, but slip 23% so far this month. The 14% fall for gold puts it on track for its steepest |
| 0:34.9 | fall since October of 2008, weight down by a stronger dollar index |
| 0:39.9 | and fading expectations of a U.S. interest rate cut this year. Prices are, however, up about 5% for the |
| 0:47.4 | quarter. But Goldman Sachs retains its bullish view on gold despite the recent sell-off, |
| 0:53.3 | forecasting renewed gains by the end of this year. |
| 0:56.4 | According to media reports, analysts at Goldman said in a note that gold's medium-term outlook |
| 1:02.1 | remains intact, and the precious metal may reach $5,400 an ounce, citing continued central bank |
| 1:09.4 | purchases and two more U.S. rate cuts this year. |
| 1:13.9 | General Motors is halting operations at Factory Zero until April 13th. This extends downtime |
| 1:20.4 | that initially started around March 16th. The automaker said the move is meant to align EV |
| 1:26.4 | output with current market demand. After a roughly 50% cut in production at Factory Zero earlier this year. |
| 1:34.7 | This underscores a broader slowdown in EV adoption in the U.S. |
| 1:39.2 | GM has also taken significant financial hits tied to its EV strategy, including write-downs totaling |
| 1:45.9 | about $7.6 billion. Netflix is reportedly looking to double its coverage of NFL games. |
| 1:53.8 | The streamer is seeking a four-game package that would add a game on the day before Thanksgiving, |
| 1:59.0 | as well as an international game. Under its current |
| 2:02.3 | package with the NFL expiring at the end of this calendar year, Netflix has a three-year deal |
| 2:08.1 | for a specialized Christmas Day package, which typically includes two games. According to the Wall |
| 2:14.4 | Street Journal, the NFL is taking a flexible approach to selling additional games |
... |
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