According to Odaily Planet Daily, Anita Soni, an analyst at Canadian Imperial Bank of Commerce Capital Markets, predicts in her latest forecast that gold prices will rise to $4,500 per ounce in 2026 and 2027, before falling back to $4,250 in 2028 and $4,000 in 2029. The analyst stated that she still expects a positive macroeconomic environment for gold. Uncertainty regarding tariff policies will persist, and the negative impact of tariffs implemented to date and those to be implemented has yet to fully manifest itself in the US economy. Meanwhile, the Federal Reserve succumbed to Trump's calls for rate cuts earlier than Soni expected. Soni believes that the rise in gold prices earlier this year was related to rate cuts, but the recent parabolic surge stems from concerns about long-term inflation and wealth preservation, as the Fed's monetary policy does not specifically focus on long-term inflation. (Gold Ten)
