CIBC issues new forecasts for gold prices ($$$$)Wednesday, September 16, 2020
CIBC has raised its gold price forecasts to $2,300 per oz. in 2021, $2,200 per oz. in 2022, $2,100 per oz. in 2023 and $2,000 per oz. in 2024.
This year the bank assumes that gold will average $1,925 per oz. in the third quarter and $2,000 per oz. in the fourth quarter for a full year average price of $1,800 per oz.