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via gurufocus.comMarkets

CIBC cuts near-term gold forecast but still sees a major snapback in 2027

FROM THE WIRE · GURUFOCUS.COM

CIBC Capital has sharply lowered its near-term gold forecast, but the bank remains bullish on the metal's longer-term outlook.The bank now expects gold to reach

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe cut to the near-term gold forecast weighs on the metal, while the expected 2027 recovery limits the longer-term downside.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01CIBC Capital has sharply lowered its near-term gold forecast.
  2. 02The bank remains bullish on the metal's longer-term outlook.
  3. 03The outlook includes an expected snapback in 2027.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
GoldCOMMODITY:GOLDCommodity4,148.00 USD-0.05%today -0.05%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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