Woofun AI data shows spot gold prices declined 1.75% to breach the $3950 per ounce threshold, marking a new low since November 2025 and a 29% drop from the January all-time high. Consequently, Chinese retailers including Chow Tai Fook and Lao Feng Xiang reduced 24K jewelry prices by approximately $25 to $30 per gram.

Woofun AI reports that Goldman Sachs lowered its 2026 year-end target from $5400 to $4900, citing delayed Fed rate cuts and hawkish signals from Chairman Kevin Warsh. Deutsche Bank, Citigroup, Morgan Stanley, and ANZ also revised forecasts downward. Despite this, Goldman Sachs and JPMorgan Chase maintain long-term bullish views, with JPMorgan retaining a $6000 end-2026 target driven by emerging market central bank reserve diversification.