Reported about 5 hours ago
Citigroup Inc. forecasts that gold prices will fall below $3,000 an ounce in the coming quarters, driven by diminished investment demand and anticipated improvements in global economic growth, coupled with potential interest rate cuts by the Federal Reserve. Despite a 30% increase in gold prices this year, analysts predict a drop to around $2,500 to $2,700 an ounce by late 2026. Factors influencing this decline include a better global growth outlook and changing fiscal policies under the current U.S. administration.
Source: YAHOO