Citi forecasts gold's 'last hurrah' as it says prices may fall as much as 25% next year | Metals Mine

  • Citi forecasts gold's 'last hurrah' as it says prices may fall as much as 25% next year

    From morningstar.com

    Gold's been on a tear but a new Wall Street forecast says the record run is poised to stop. Gold is trading close to all-time highs, in dollar terms but also when adjusted for inflation. With central banks accumulating and investors attracted by its hedging and safe-haven characteristics, demand has rarely been so robust. Citi's global commodity team, however, thinks this demand has peaked and the price will weaken materially by the second half of 2026. Its quarterly market outlook predicts the gold price dropping to the $2,500-$2,700 range at the end of next year. Gold futures (GC00) closed Monday at $3,396.40 an ... (full story)

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