✉news BusinessBanking first seen 18 h ago, last 15 h ago, peak #25
CIBC cuts Q4 gold forecast, sees rebound to $5,200 by 2027
Original: CIBC cuts Q4 gold price forecast to $4,500, then sees bounce to $5,200 in 2027
CIBC has lowered its fourth-quarter gold price forecast to $4,500 an ounce, but the bank still expects the metal to rebound to $5,200 by 2027. The revised outlook suggests CIBC views the current dip as temporary, with longer-term drivers supporting higher prices. Investors watching gold after its recent pullback are weighing the bank's near-term caution against its bullish two-year view.
Why now: Gold investors are closely watching bank forecasts amid recent price volatility.
Evidence
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