TD Securities Expects Gold to Fall Below $3,900 This Year Before Rallying to $5,300 in 2027

According to Bart Melek, Head of Commodity Research at TD Securities, gold prices are expected to fall below $3,900 an ounce this year before finding a bottom in the current bear-market correction. Melek added that lower gold prices will represent a strategic buying opportunity, as the broader bull market is far from over. He projects gold prices will ultimately push above $5,300 per ounce in 2027.
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