TODAY'S MARKET INTELLIGENCE
CIBC Cuts Gold Price Forecast to $4,500 but Maintains Long-Term Bullish View
English summary
CIBC significantly lowered its gold price forecasts for the coming years, cutting the Q4 estimate to $4,500 per ounce, yet remains bullish on gold's long-term allocation value. Short-term pressure comes from high real rates and a strong dollar, while geopolitical risks, central bank buying, and limited supply provide long-term support.
The English text is machine translated and may require verification against the Chinese version.
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