[Capital Economics: Fed Rate Hike Expectations Push Real Yields Higher, Gold Prices May Fall to $3,500 by Year-End] Jin10 News, June 26 – Gold prices declined during the early Asian trading session. Although the market anticipates a rebound in gold prices after falling to $4,000 per ounce, Capital Economics economist Hamad Hussain believes that precious metals still have further downside potential over the next 18 months. He pointed out that expectations of Federal Reserve rate hikes will push real yields higher, thereby suppressing gold prices. A potential stock market crash could exert even greater downward pressure on gold prices, as investors are often forced to sell high-quality assets to meet margin calls during sudden stock sell-offs. Capital Economics forecasts that by the end of 2026 and the end of 2027, gold prices will fall to $3,500 per ounce and $3,250 per ounce, respectively.