Wall Street Breakfast Gold hit hard, Goldman keeps $5,400 target
7 snips
Mar 31, 2026 Gold suffered a historic monthly rout while Goldman Sachs sticks to a bold $5,400 forecast. GM temporarily halts production at its Detroit EV plant, impacting thousands of workers. Netflix is pursuing a larger NFL rights package with more live games. Headlines also touch on potential food-industry mergers, defense fund questions, and Microsoft’s big cloud and AI investment in Thailand.
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Gold's Historic Rout And Goldman's Bullish Target
- Gold plunged 14% in March, its steepest monthly drop since October 2008, driven by a stronger dollar and fading rate-cut expectations.
- Goldman Sachs remains bullish, forecasting gold could reach $5,400/oz citing central bank buying and two U.S. rate cuts this year.
GM Pauses Factory Zero Amid EV Demand Slowdown
- GM paused Factory Zero operations until April 13 to align EV output with weak demand after earlier production cuts.
- The company has taken about $7.6 billion in EV-related write-downs, highlighting a U.S. EV adoption slowdown.
Netflix Eyes Bigger NFL Package
- Netflix seeks to expand NFL rights from a Christmas Day package to a four-game bundle including a Thanksgiving eve game and an international contest.
- The NFL may negotiate flexibly with other bidders like Google and Amazon as rights deals near expiration.