In this presentation, Jeffrey Christian of CPM Group provides a precious metals update covering the gold price outlook, silver market, Federal Reserve interest rates, inflation, Jackson Hole, and the forces that could drive gold and silver prices over the final months of 2026.

Gold and silver have fallen following the Jackson Hole Economic Symposium as investors reassess the likelihood of higher interest rates. Jeff explains why CPM Group believes this may be an ultra-short-term reaction rather than a change in the broader precious metals trend.

Gold could remain under pressure for several more days, while silver, which had fallen toward $65, could also weaken further.

CPM still expects stronger gold and silver prices over the next several months as political, economic, inflation, currency, and financial conditions worsen.

Jeff also discusses the correlation between higher interest rates and gold prices, inflation, reduced international trade and cooperation, fiscal deficits, currency-market intervention, and the limits of monetary policy.

Courtesy of the CPM Group