Empire Commercial Bank: The rise in gold prices is due to concerns about long-term inflation, and gold will reach 4500 dollars in the next two years

ChainCatcher news, according to Jin Shi reports, Canadian Imperial Bank of Commerce Capital Markets analyst Anita Soni predicts in her latest forecast that gold prices will rise to $4,500 per ounce in 2026 and 2027, before falling back to $4,250 in 2028 and $4,000 in 2029.

The analyst stated that she still expects gold to face a positive macroeconomic environment. The uncertainty of tariff policies will continue to exist, and the negative impact of tariffs that have been implemented 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 has yielded to Trump's calls for interest rate cuts earlier than Soni expected. Soni believes that the rise in gold prices earlier this year was related to interest rate cuts, but the recent parabolic surge is due to concerns about long-term inflation and wealth preservation, as the Federal Reserve's monetary policy has not specifically focused on long-term inflation.