Gold Forecast Cut as Bernstein Sees Rate Hikes Ahead

Bernstein has revised its gold price forecast for 2030 down to $5,600 from an earlier estimate of $6,100. This change comes as interest rates in the U.S. market are expected to rise with two to three hikes anticipated before 2027.

Higher real interest rates typically increase the opportunity cost of holding non-yielding assets like gold, leading to downward pressure on gold prices. Gold.com Inc, formerly A-Mark Precious Metals, operates in the financial services sector and has a market capitalization of approximately $1.33 billion.

The company offers a dividend yield of 1.76% and its GF Value indicates it is 19.1% undervalued, making it an intriguing option for investors looking for income alongside potential capital appreciation.