Gold 
Silver 
Gold Price Outlook
“It is easy to look at gold price performance this year and think that the gold bull market is over. CPM Group does not believe that it is over and is of the opinion that goldprices at present levels are near a cyclical bottom and that gold prices remain in a structural and secular bull market. Gold prices could potentially soften in the next few weeks, but the likelihood of such a decline is low and, if it occurs, it is expected to be relatively short-lived.
While the decline in gold prices has been sharp this year,it needs to be put into perspective. At the end of October2026, gold prices settled at $3,898.90, basis the nearby active December Comex contract. This was down around 30% from the record intraday high of $5,586.20 reached on 29 January 2026. But that roughly $3,900 level was first reached in September 2025, so despite the sharp decline in gold prices they remain at historically elevated levels. The price has fallen since it spiked higher in late January, but it remains far higher than it was at any time prior to last September.
Gold prices are likely to remain at these levels and continue rising in the future because many of the issues that drove gold prices to these historic highs have not been resolved.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
