Watch: Citi Expects Gold To Crack $3,000, Industrials to Outperform
Citi Expects Gold To Crack $3,000, Industrials (Miners) to Outperform
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- Topic:Citi Expects Gold To Crack $3,000, Industrials (Miners) to Outperform
After a remarkable three-year rally, Citi is calling "time" on gold's bull market. In their latest commodities outlook, analysts project that an improving macroeconomic environment — fueled by fiscal and monetary stimulus — will shift capital out of gold and back into cyclical assets. The forecast suggests a gradual reversion below the $3,000/oz threshold by late 2026, with prices falling as low as $2,500/oz.
Citi expects additional rate cuts ahead and believes these will prompt sidelined capital to flow into the broader economy rather than into gold, while also suggesting that geopolitical risks are nearing their peak; Goldman, however, pushed back in their own analysis, reaffirming their position—more on that this weekend, and full context is provided in the attached voice note. Full analysis in the Premium post Audio: Citi Sees Gold’s “Last Hurrah” as Growth Outlook Improves.
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