The Globe and Mail reports in its Thursday edition that CIBC World Markets says Joe Biden's disastrous debate performance has bolstered the chances of a second Donald Trump presidency, a scenario that "could cause a parabolic shift in the gold price in 2025." The Globe's Darcy Keith writes that CIBC raised its gold price forecasts for the next several years, with a possible Trump election win among the reasons for its bullishness. This impacted CIBC's share targets, and some ratings, on precious metals stocks under its coverage. Accordingly, CIBC analysts downgraded Centerra Gold to "neutral" from "outperform." CIBC's share target climbed to $13 from $11. CIBC analysts say in a note: "Demand for gold remains strong. ... Over the past year retail demand has picked up, particularly in the Eastern economies where stock and real estate markets remain soft and investors look for wealth preservation via hard assets. Unsurprisingly, ETFs have seen net outflows, which we expect will now reverse with impending Federal reserve rate cuts. The U.S. election now adds a heightened element of bullishness to our forecasts." The Globe reported on Feb. 22 that BMO rated Centerra Gold "outperform," when it was worth $7.05.