BlockBeats News, October 11th, Analyst Anita Soni from the Capital Markets division of the Canadian Imperial Bank of Commerce predicted in her latest forecast that the price of gold will rise to $4500 per ounce in 2026 and 2027, then fall to $4250 in 2028, and further drop to $4000 in 2029. The analyst indicated that she still expects gold to face a conducive macroeconomic environment. Uncertainty in tariff policies will persist, and the negative impact of tariffs that have been implemented so far and those that are about to be implemented on consumer purchasing power has not yet fully manifested in the U.S. economy. Meanwhile, the Federal Reserve yielded to Trump’s call for rate cuts earlier than Soni expected. Soni believes that the earlier rise in gold prices this year was related to rate cuts, but the recent parabolic surge is driven by concerns about long-term inflation and wealth preservation, as the Fed’s monetary policy has not specifically focused on long-term inflation. (FXStreet)
