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BlockBeats News, June 19th. Due to no longer expecting a Fed rate cut in 2026, Goldman Sachs has lowered its year-end gold price forecast by $500 per ounce. Analysts Lina Thomas and Daan Struyven stated in a report: "We have revised our December gold target price down to $4,900 per ounce, indicating that the gold price is still expected to rise in the second half of the year, but the increase will be less than previously expected. Our view on the gold price remains structurally constructive, but tactically cautious, with near-term downside risks and medium-term upside risks." The analysts noted that the outlook revision was due to Goldman's economists pushing back the expected U.S. rate cut to June and December next year, compared to the previous expectations of rate cuts in December 2026 and March 2027. Reasons also include a reduced forecast for gold ETF fund inflows. Furthermore, they added that given the "surprisingly hawkish" tone of the first Fed meeting under Powell's leadership, concerns about central bank independence may be limited. (FXStreet)

Golden Ten Data reported on June 19 that South Korea's KOSPI index fell below 9,000 points, dropping 0.73% intraday, after having previously risen more than 3%.

(1) Abu Dhabi National Oil Company (ADNOC) stated in a notice sent to clients that crude oil loading from inner ports in the Persian Gulf has resumed. Several consignees have confirmed this information. (2) The company stated that, starting from April 27, cargoes can be loaded at Das Island and Zirku Island ports in the Persian Gulf. Given the recent agreement between the US and Iran and expectations of unhindered traffic through the Strait of Hormuz, the company anticipates all cargoes will be executed according to the published loading schedule. (3) The notice emphasizes that failure by buyers to take delivery will constitute a breach; at the same time, if buyers are unable to arrange their own oil tankers, ADNOC can provide its own or related vessels to assist, and as stipulated, buyers who do not receive the goods will be required to pay compensation to the seller.