CPM Gold Trade Recommendation
Time Stamp
Prices as of 9:58 a.m. EDT 24 August 2026 $4,683.50 (Basis the October 2026 Comex contract).
Recommendation: Buy
Initial Target Price / Range: $4,825
Initial Timeframe: 24 August 2026 to 8 September 2026
Stop Loss: $4,630
CPM Group’s previous buy recommendation target of $4,600 was broken and prices have continued to rise from there. CPM Group continues to expect strength in gold prices going forward. There are numerous issues which could keep gold prices supported. The U.S. Treasury Department surprised markets with its announcement last week to double its buyback of long dated bonds. This is a departure from the predictable behavior that markets expect from the U.S. Treasury and directly helps gold investment demand for portfolio diversifiers like gold. These actions have also placed downward pressure on the U.S. dollar. Additionally, the conflict with Iran and renewed trade tensions between Canada and the U.S. add increased reasons to add gold to investor holdings. There is potential for a brief pull back in prices later this week, if speeches at the Jackson Hole summit suggest a hawkish Fed. The overall trend for prices is higher, however.
CPM has one-month, three-month ranges and eight-quarter quarterly price projections with greater discussion of the factors behind CPM’s analyses provided in CPM’s monthly subscription service, the Precious Metals Advisory.
While short-term trade recommendations provide high risk – high reward opportunities for investors, it is difficult to capture the complex web of factors affecting precious metals prices and the nuanced CPM analyses of these factors that goes into our firm’s price projections. In addition to these short-term outlooks, CPM Group provides clients enhanced trade recommendations that include one and three month price projections, as part of our Retail Investor Program. Contact CPM at info@cpmgroup.com for details.
Notes:
Initial Target Prices and Timeframes are just that: Initial. If CPM does not issue a new Recommendation during or after that time it indicates that CPM maintains the posture in the most recent Trade Recommendation. Position may be closed out once target price is reached, within the noted discretion or until CPM provides new trade recommendation. CPM may have reported to have closed out of prior trade recommendation at its discretion before publicly publishing new trade recommendation due to processing time.
Discretion should be allowed at +/- 0.20% of the price at the time each TR is issued from the target.
CPM’s preferred investment strategies use physical, futures, forwards, and options.
