CPM Sees Gold Price Decline Ahead of Jackson Hole Conference
CPM Trade Signal - August 5, 2026
The CPM Gold Trade Recommendation for August 5, 2026, suggests selling gold with an initial target price of $4,050 and a stop-loss of $4,400.
This recommendation is based on the firm's view that gold prices may subside over the next three weeks, leading up to the Kansas City Fed's Jackson Hole economic conference on August 27-29.
However, CPM notes that these are 'extremely unsettled times' with a tremendous flow of misinformation from governments, news outlets, and partisan observers. As a result, gold and silver prices may experience volatile price moves.