Gold Prices Projected to Rise Amid Economic Uncertainty

According to BlockBeats, Canadian Imperial Bank of Commerce Capital Markets analyst Anita Soni forecasts that gold prices will increase to $4,500 per ounce in 2026 and 2027, before declining to $4,250 in 2028 and $4,000 in 2029. Soni anticipates a favorable macroeconomic environment for gold, despite ongoing uncertainty in tariff policies. The negative impact of tariffs on consumer purchasing power has not yet fully manifested in the U.S. economy. Meanwhile, the Federal Reserve has responded to U.S. President Donald Trump's calls for interest rate cuts sooner than Soni expected. She attributes the earlier rise in gold prices to these rate cuts, while the recent parabolic surge is driven by concerns over long-term inflation and wealth preservation, as the Fed's monetary policy does not specifically address long-term inflation.