Wall Street Breakfast Podcast: Gold Hit Hard, Goldman Keeps $5,400 Target

Gold Market - Gold prices have experienced a significant decline of 14% this month, marking the steepest fall since October 2008, primarily due to a stronger dollar index and reduced expectations for U.S. interest rate cuts this year [4][5] - Despite the recent downturn, Goldman Sachs maintains a bullish outlook on gold, projecting a price of $5,400 per ounce by the end of 2026, supported by ongoing central bank purchases and anticipated U.S. rate cuts [4][5] Automotive Industry - General Motors (GM) has announced a temporary halt of operations at Factory ZERO until April 13, 2026, following a previous production cut of approximately 50% earlier in 2026, in response to current market demand for electric vehicles (EVs) [5][6] - The company has incurred significant financial losses related to its EV strategy, with writedowns totaling around $7.6 billion [6] Streaming Industry - Netflix is reportedly seeking to expand its coverage of National Football League (NFL) games, aiming for a four-game package that includes an additional game on the day before Thanksgiving and an international game [7] - The current NFL package held by Netflix is set to expire at the end of 2026, and the company has a three-year deal for a specialized Christmas Day package featuring two games [7][8]