"The upward trend in gold has come to an end? Citi: Demand declining and Fed rate cuts in sync, gold price will fall below $3,000."

According to the Wise Finance app, Citigroup stated that due to the gradual decline in record-breaking prices, the price of gold is expected to fall below $3000 per ounce in the coming quarters. Analysts, including Max Layton, in a report said, "Our research shows that by the second half of 2026, the price of gold will fall to between $2500 and $2700 per ounce." They said that the drop in the price of gold may be due to weakening investment demand, improving global economic growth prospects, and the Federal Reserve's interest rate cuts.