Imperial Bank of Commerce: The rise in gold prices is due to concerns about long-term inflation, and gold will rise to $4,500 in the next two years
2025-10-11 15:16:56
In its latest forecast, Anita Soni, an analyst in the capital markets division of Canadian Imperial Bank of Commerce, expects gold prices to rise to $4,500 an ounce in 2026 and 2027, before falling back to $4,250 in 2028 and $4,000 in 2029. The analyst said it still expects a positive macroeconomic environment for gold. Uncertainty about the tariff policy will continue, and the negative impact on consumer purchasing power caused by the tariffs that have been implemented to date and are about to be implemented has not yet been fully felt in the U.S. economy. Meanwhile, the Federal Reserve gave in to Trump's call for a rate cut earlier than Soni expected. Soni believes that the rise in gold prices earlier this year is related to interest rate cuts, but the recent parabolic surge is due to concerns about long-term inflation and wealth preservation, as the Federal Reserve's monetary policy is not particularly focused on long-term inflation.
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