深潮TechFlow|Oct 17, 2026 11:11
[Gold Prices May Face Further Pressure This Year, Capital Economics Highlights Two Reasons]
Deep Tide TechFlow reports that on October 17, Capital Economics' climate and commodities economist Hamad Hussain predicted on October 16 that gold prices may gradually decline during the remainder of this year. He listed two reasons: the Federal Reserve's continued interest rate hikes and concerns that the artificial intelligence boom may ultimately prove to be a temporary phenomenon. This indicates that his assessment of gold prices involves both interest rates and the outlook for the AI boom. Bart Melek, Global Head of Commodity Strategy at TD Securities, stated that gold remains within a range and is leaning toward the lower edge of the support zone, primarily due to significant uncertainty surrounding the Federal Reserve's next move. (Jin10)
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