- Gold held a decline as conflicting signals on efforts to end the Iran war clouded the outlook for inflation and the Federal Reserve's path for interest rates.
- CIBC Capital cut its Q4 gold price forecast to $4,500/oz while remaining bullish on gold over the longer term, with a bounce to $5,200 in 2027.
- BofA says commodity markets are diverging, with Brent crude targeting $120+ while copper and gold show exhaustion as the U.S. dollar hits 18-month highs.
Quotes
“Gold held a decline as conflicting signals on efforts to end the Iran war clouded the outlook for inflation”
“remain bullish on gold over the longer term”