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via gurufocus.comEconomy

CIBC lowers gold price forecast to $4,500 per ounce from $6,500

FROM THE WIRE · GURUFOCUS.COM

On October 20, 2026, CIBC Capital revised its gold price forecast for Q4 2023 sharply downward to $4,500 per ounce from a prior estimate of $6,500. The bank als

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishDownward revision by a bank on gold prices, relevant for commodities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01CIBC revised its gold price forecast for the fourth quarter.
  2. 02The new estimate is $4,500 per ounce, down from $6,500.
  3. 03The revision was reported on October 20, 2026.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
GoldCOMMODITY:GOLDCommodity4,133.80 USD-0.16%today -0.21%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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