TechFlow news, October 11 — According to Jinshi Data, analysts at CIBC Capital Markets, including Anita Soni, forecast in a recent report that gold prices will rise to $4,500 per ounce in 2026 and 2027, then decline to $4,250 in 2028 and $4,000 in 2029. The analyst said she still expects gold to benefit from a favorable macroeconomic environment. Uncertainty surrounding tariff policies will persist, and the negative impact of both implemented and upcoming tariffs on consumer purchasing power has not yet fully materialized in the U.S. economy. Meanwhile, the Federal Reserve has yielded to Trump's calls for rate cuts earlier than Soni anticipated. She believes that the earlier rise in gold prices this year was linked to interest rate cuts, but the recent parabolic surge stems from concerns over long-term inflation and wealth preservation, as the Fed's monetary policy has not particularly focused on long-term inflation.
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