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'Gold is like the art market,' declares Citi, as it hikes its target price again
Having long since disconnected itself from marginal production costs, "gold is like the art market" now, quipped Citi's analyst Maximilian Layton, as he lifted his target to $4,000 per ounce in the next quarter. Gold (GC00) recently surpassed his previous price objective of $3,800 per ounce but, like many gold specialists, Layton is reluctant to call a ceiling on the commodity, given the abundance of cyclical and structural tailwinds. Despite the highest producer margins in 55 years, Layton remains tactically bullish and believes price momentum will likely be sustained through the fourth quarter of 2025. Subject to ... (full story)
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- Sep 30, 2025 10:15pm Posted byFundamental Analysis351
