Welcome back to Markets Desk, here's what's moving markets and the macro picture right now.
Goldman Sachs has slashed its end-of-year gold forecast by five hundred dollars a tonne, now targeting four thousand nine hundred rather than five thousand four hundred. The driver is the Fed's increasingly hawkish posture, which is strengthening the dollar and raising the opportunity cost of holding the metal. A five hundred dollar revision from Goldman is not noise — that's a signal worth watching.
Shifting to a quieter corner of the satellite sector, Satellogic is drawing serious attention despite its small footprint. The company is posting meaningful revenue growth and landing multi-million-dollar contracts, putting it in the same conversation as Planet Labs, which has been the standout name in the commercial earth observation boom. For investors hunting undervalued exposure to defense and intelligence-adjacent data, this one is worth a closer look.
And on the geopolitical front, Germany is actively shopping for long-range cruise missiles as an alternative to the American Tomahawk, with Ukrainian and Israeli startups both in the frame. Berlin's interest in the Ukrainian FP-five Flamingo, capable of striking targets roughly one thousand eight hundred miles out, signals a broader European push toward defense self-sufficiency that has direct implications for defense contractors on both sides of the Atlantic.
That's the tape. Markets Desk, signing off the floor.
