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Citi Expects Gold Price to Fall Below US$3,000 After Uptrend Over
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Citi Research issued a research report believing that the gold price will lose momentum after hitting new high, mainly due to weakening investment demand, improving global growth prospects and the Fed's interest rate cuts. It is expected that the gold price will fall below US$3,000 per ounce in the next few quarters before rebounding to US$2,500-US$2,700 per ounce in 2H26. Stimulated by the turbulence brought about by the US trade policy and the tense situation in the Middle East, the gold price has risen by about 30% YTD, and once set an all-time high in April. AAStocks Financial News Website: www.aastocks.com |
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