Citi’s Gold Bears Turn Bullish on US Growth, Inflation Concerns

Citi’s Gold Bears Turn Bullish on US Growth, Inflation Concerns

Citigroup Inc. revised its forecast for gold, with analysts now predicting bullion will rally to a record high in the near term due to a worsening US economy and inflation-boosting tariffs.

Tariffs, Soft Data Drive Citi’s $3,500 Gold Outlook

Citigroup on Monday raised its three-month gold price forecast to $3,500 per ounce, up from $3,300, arguing that the US economic outlook is turning decisively negative. The bank also widened its expected trading band to $3,300–$3,600, compared with the prior $3,100–$3,500 range. “US growth and tariff-related inflation concerns are set to remain elevated during 2H’25, which alongside a weaker dollar, are set to drive gold moderately higher, to ne…

I citi raises gold forecast to $ 3,500/jaguar over the next 3 months due to the negative US perspective - Global Happenings

I citi raises gold price with a perspective of high inflation and drop in the US dollar (image: canva) Citi raised its price forecast gold For the next three months to $ 3,500 per jaguar on Monday (4), compared to $ 3,300, and the trading range expected to $ 3,300 / $ 3,600, from $ 3,100 / $ 3,500, based on the belief that the prospect of US growth and inflation in the short term has deteriorated. Continues after advertising Continues afte…