Gold could experience a slight pullback if the Fed cuts rates by 25 basis points this week, according to Goldman Sachs analysts. However, driven by inflows into gold ETFs, the price of gold is expected to reach a new all-time high. They forecast that the price of gold will rise to $2,700 per ounce in early next year. It is expected that the Fed will cut rates by 25 basis points, which may lead to some tactical pullback in gold price. However, as the Fed enters a loose monetary policy cycle, gold ETFs will attract gradual inflows, thereby driving the price of gold to pump.