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Gold prices fall as BMO lowers forecasts amid Fed rate hike concerns and geopolitical risks.

Market News
23 Jun 2026
Kitco
View Source
Bearish
pluang ai news

Gold prices remain near yearly lows as BMO Capital Markets cuts its year-end forecast to $4,625 an ounce, citing the Federal Reserve's hawkish stance and rising geopolitical tensions, especially in the Middle East. Despite short-term struggles, BMO expects gold to rebound above $5,000 by early 2027, driven by de-dollarization trends and emerging market demand. Silver prices are also downgraded for the near term but expected to recover by early 2027 due to industrial demand and infrastructure investments. The main risk to metals remains aggressive U.S. monetary policy, with rate hikes likely before year-end, dampening metal prices in the short run.

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