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CIBC issues new forecasts for gold and silver prices

Sep 16, 2020

Source: https://www.mining.com/cibc-issues-new-forecasts-for-gold-and-silver-prices/

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Gold nugget. (Reference image from Pikist).

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.

Original Text (This is the original text for your reference.)

Gold nugget. (Reference image from Pikist).

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.

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