-
Citi upgrades gold forecast amid headwinds for the US economy
Citi had previously penciled their gold forecast for the next three months at $3,300. And in looking to the expected trading range, they had previously forecast that the precious metal will keep around $3,100 to $3,500. Now, they're seeing that at $3,300 to $3,600. It's an upgrade to their previous call, citing a deterioration in the US growth and inflation outlook in the near-term. "US growth and tariff-related inflation concerns are set to remain elevated during H2 2025, which alongside a weaker dollar, are set to drive gold moderately higher, to new all-time highs." The firm also pointed out concerns about ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From fxstreet.com | Aug 4, 2025
Gold price (XAU/USD) clings to gains near Friday’s high around $3,350 during the European trading session on Monday. The precious metal trades firmly as cooling labor market conditions have forced traders to raise bets supporting interest rate cuts by the Federal Reserve (Fed) in the September meeting. Lower interest rates by the Fed bode well for ...
India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don’t care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA. Thank you for your attention to this matter!!! President DJT
From miningmx.com | Aug 4, 2025
Gold is expected to retain its commanding position as the world’s second most important monetary reserve for the remainder of 2025. This is according to analysts cited in The Mining Yearbook 2025 which has been published in Miningmx as a microsite (see link below). Analysts forecast continued strength driven by persistent geopolitical tensions and ongoing ...
