CSC Financial's 2027 gold outlook says rising real rates were the main headwind
for gold in 2026. It expects limited further upside in real rates in 2027 and
notes current rate‑hike expectations are largely priced. Continued central-bank
gold purchases should provide dip-buying and underpin a floor, so gold is
forecast to trend upward with volatility in 2027. Key risk is U.S.–Iran
geopolitical escalation that pushes oil and disrupts inf, though CSC Financial
expects that channel's impact on gold to be marginally reduced.
