Lates News

date
04/08/2025
Citigroup adjusts bearish forecasts for gold analysis, now predicting that due to deteriorating US economy and possible tariffs pushing up inflation, gold prices are expected to rise to record highs in the short term. Analysts such as Max Layton wrote in a report on Monday that gold prices in the next three months are expected to be between $3,300 and $3,600 per ounce, partly because the average level of US import tariffs is higher than the expected 15%. This is in contrast to Citigroup's view in June when the bank stated that gold prices would fall below $3,000 in the coming quarters.