CIBC: Gold Prices to Hit New Heights, Despite Recent Slump

SEATTLE (Scrap Monster): According to a recent statement from CIBC Capital Markets, the company anticipates that gold prices will reach all-time highs this year. Despite the recent decline, it predicts that the price of the yellow metal would probably average $3,600 per ounce in the second half of 2025.

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The CIBC analysts led by Anita Soni noted that the bullish forecast is mainly on account of a banquet of uncertainty across the globe, which are likely to boost the appeal of alternative reserve assets including gold. They cited lower interest rates, geopolitical uncertainty and continued stockpiling by central banks as the primary drivers behind the projected rally in prices of the commodity. A combination of the above factors has resulted in acceleration of de-dollarization, which in turn has provided support to gold prices.

According to the CIBC gold projection, gold is up 3% from its highest point ever. Just this year, the yellow metal has increased by about 30%. The prices reached a record high of $3,500 per ounce in April 2025. The average price of $2,800 per ounce, as projected by CIBC experts earlier in December of last year, has been handily exceeded.

According to the estimate, the average price of $3,600 per ounce would hold until 2026 before dropping to $3,300 and $3,000 in 2027 and 2028, respectively.