Gold prices are under pressure from inflation and rising interest rates, but Jefferies sees current weakness as a buying opportunity. Despite higher energy and labor costs, the mining sector's earnings are expected to be stable in Q3, with profitability improving if gold reaches $5,000 per ounce by 2027. Jefferies lowered near-term gold price forecasts but remains bullish long-term, citing U.S. fiscal deficits and inflation as key drivers. The bank expects mining free cash flow margins to improve significantly by 2027, supporting high-quality gold producers amid market volatility.
Gold price forecasts and mining margins are central to this story, with Jefferies projecting a $5,000 price per ounce by 2027. For readers following US stocks on Pluang, here is the market snapshot as of Oct 15, 2026 03:11 WIB: out of 150 priced US stocks, 39 rose and 111 fell. Notable movers include Unity Software Inc (U) at USD 41.50 with a 1-day change of -11.00% and 100% sell order activity, JetBlue Airways Corporation (JBLU) at USD 3.02 down 9.85% but with 91% buy order activity, and Affirm Holdings Inc (AFRM) at USD 70.51 down 9.47%.
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