Finance

Wall Street was once uber bullish on gold. Now it's changing its tune

The June Fed meeting set a hawkish tone. Now, several Wall Street firms don't believe gold will live up to their bullish targets.

Capital Daily Newsroom

Editorial Desk

2026-06-22 · 2 min read

Wall Street was once uber bullish on gold. Now it's changing its tune

Published June 22, 2026 · Category: Finance

Overview

The June Fed meeting set a hawkish tone. Now, several Wall Street firms don't believe gold will live up to their bullish targets.

Source

Originally published at www.cnbc.com.

Capital Daily Newsroom

Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]

Email the newsroom →

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.