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Fed’s hawkishness will drive gold price toward $4,200/oz this year, but $5,350 by Q3 2027 still in play – TD Securities’ Melek

Barchart·08/31/2026 11:54:05
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(Kitco News) – Fed Chairman Kevin Warsh leaned hawkish in his speech from Jackson Hole, Wyoming on Friday, reiterating the central bank’s commitment to keeping inflation under control, and this stance could be a significant headwind for gold in the near term, according to Bart Melek, Head of Commodity Research at TD Securities.