CPM Signals Gold Buying Opportunity Ahead of Midterm Elections

The CPM Group Trade Signal on September 17, 2026, recommends buying gold. The current price is $4,403.40 (Basis the December 2026 Comex contract), and the initial target price is $4,590. This recommendation is valid from September 17 to October 2, 2026, with a stop-loss at $4,270.

The CPM Group notes that gold prices have been in a declining trend since August 25, when they peaked at $4,755. However, the group believes this trend is turning, as prices have managed to hold above support levels over the past several days. Technicals are also trending higher, and fundamentals and global events may push prices sharply higher in the months ahead.

CPM Group views gold prices moving higher in the next several months as the U.S. midterm elections near. This is supported by global events such as the U.S.-Iran conflict and its fallout effects, tariffs, and more. If prices begin to rise sharply higher and surpass the target, the stop-loss could be raised.

CPM Group provides one-month, three-month ranges, and eight-quarter quarterly price projections in their Precious Metals Advisory service, which includes a discussion of the factors behind their analyses.