CIBC slashes gold price forecasts but sees recovery to $5,200 in 2027 as central bank demand offsets Fed headwinds - Kitco
CIBC slashes gold price forecasts but sees recovery to $5,200 in 2027 as central bank demand offsets Fed headwinds - Kitco
Source: Kitco
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DW NOTE
CIBC now expects gold at $5,200 by 2027 — up from today's range — driven by central bank buying that has averaged over 1,000 tonnes per year since 2022. The revision acknowledges what the Fed cannot: when real rates stay negative and sovereigns diversify reserves away from Treasuries yielding 5% against 3.4% inflation, gold isn't speculative froth. It's the退出 strategy.