Citi Calls Time on Gold’s Rally on Slumping Demand, Fed Cuts
"Gold is expected to sink back below $3,000 an ounce in the coming quarters as a record-setting run peters out, according to Citigroup Inc., calling time on one of the standout rallies in commodities."
— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) June 17, 2025
Citigroup analysts have issued a new forecast signaling the end of gold’s record-setting rally. According to their latest report, gold is expected to drop below $3,000 per ounce in the coming quarters, with a projected range of $2,500 to $2,700 by the second half of 2026.
The bank attributes this expected decline to slumping investment demand, improving global economic conditions, and anticipated Federal Reserve rate cuts. Gold has surged nearly 30% in 2025, hitting an all-time high of $3,500 in April, driven by geopolitical tensions, U.S. fiscal concerns, and strong central bank buying.
https://finance.yahoo.com/news/citi-calls-time-gold-rally-053958648.html
https://www.investmentnews.com/alternatives/citi-golds-record-setting-rally-is-over-set-for-sub-3k/260951