Price of gold could drop to US$2,500: commodities expert | Metals Mine

  • Price of gold could drop to US$2,500: commodities expert

    From bnnbloomberg.ca

    Gold’s rally may be over, according to a commodities expert who predicts prices to drop substantially late next year to well under US$3,000 an ounce. Max Layton, global commodities head at CITI Research, predicts gold will trade at about $2,500 to $2,700 in the second half of next year, down about $900 or so less than where it is today. “Our call is very much a 2026 bearish gold call,” Layton told BNN Bloomberg in a Thursday interview. “Near term, we have it averaging around $3,200 in the third quarter and $3,000 in the fourth quarter.” Gold reached $3,382.40 per ounce Thursday and is up by more than 70 per ... (full story)

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