CSC Financial: It is expected that the room for further upward movement in real interest rates in 2027 will be limited, and gold prices are expected to trend upward with fluctuations.

CSC Financial has released its 2027 gold investment outlook, stating that the core factor weighing on gold prices in 2026 came from rising real interest rates. Looking ahead to 2027, the room for further increases in real interest rates is limited, and given that the current round of rate hike expectations has been fully priced in by the market, while continued gold purchases by global central banks will provide absorption and form bottom support during gold price corrections, gold prices are expected to trend upward with fluctuations in 2027. On the risk side, the US-Iran geopolitical conflict pushing up oil prices and thereby disrupting inflation remains the main risk variable for 2027, but the impact of this factor on gold prices is expected to weaken marginally.