Citi raises gold forecasts on tariff uncertainty, central bank demand ...

1 day ago · Citi Research has raised its near-term and 2025 average gold price forecasts, citing trade wars and geopolitical risks under U.S. President Donald Trump, along with robust central bank purchases.

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Citi And UBS Raise Their Gold Targets To $3,000 On Tariffs, Central ...

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1 day ago · Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our …

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Citi Raises Gold Forecasts On Tariff Uncertainty, Central Bank Demand

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1 day ago · Spot gold hit a record high of $2,882.16 on Wednesday, boosted by uncertainty over Trump's tariff policies. [GOL/] The bank said that despite the record pace of global gold …

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Citi Sees Gold Soaring To $3,000 On Tensions Triggered By Trump

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2 days ago · Citi upgraded its three-month price target for gold from $2,800 an ounce, which the precious metal has already surpassed. Spot gold slipped as much as 1.2% to $2,834.26 an …

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Factbox-Gold Prices To Remain Up, Reaching $3,000/oz In Near …

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1 day ago · Citi responded to these developments by revising its near-term (0-3 months) price target for gold up to $3,000 per ounce from $2,800, while maintaining its 6-12 month forecast …

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Citi Raises Gold Forecasts On Tariff Uncertainty, Central Bank Demand ...

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1 day ago · Spot gold hit a record high of $2,882.16 on Wednesday, boosted by uncertainty over Trump's tariff policies. [GOL/] [GOL/] The bank said that despite the record pace of global gold …

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Citi Raises Gold Price Forecast To $2,800 In 3-Month Outlook

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Oct 23, 2024 · CitiBank raised its three-month gold price forecast, citing several key factors, including a potential deterioration in the U.S. labor market, Federal Reserve trends toward …

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Citi Raises Gold Price Forecasts To $3,000/Oz, Up 2... | DeepNewz

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2 days ago · Gold prices have surged 26% in 2024, driven by record central bank purchases and increasing global uncertainty. Citigroup Inc. has raised its gold price forecasts, now projecting …

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UBS, Citi Hike Their Gold Price Forecasts - Investing.com

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1 day ago · Citi has also adjusted its gold price outlook, upgrading its short-term target to $3,000 per ounce and increasing its average forecast for 2025 to $2,900 per ounce from $2,800.

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Bank Of England Interest Rates Live: Rate Cut To 4.5%, Governor …

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1 day ago · Bank of England Interest Rates Live: Rate cut to 4.5%, Governor Bailey warns of uncertainty By Kylie Maclellan , Stephen Farrell , Christina Anagnostopoulos and Hani Richter …

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FAQs about Citi raises gold forecasts on tariff uncertainty, central bank demand ... Coupon?

Why did Citi Research raise its 2025 gold price forecasts?

(Reuters) - Citi Research has raised its near-term and 2025 average gold price forecasts, citing trade wars and geopolitical risks under U.S. President Donald Trump, along with robust central bank purchases. ...

Will gold be included in a blanket tariff in 2025?

Global gold demand, including over-the-counter trading, rose by 1% to a record high in 2024, the World Gold Council (WGC) said on Wednesday, adding that central banks sped up buying in the fourth quarter. Meanwhile, in its base case, Citi does not expect gold to be included in any blanket tariff during second quarter of 2025. ...

Will trump impose a 10% tariff on gold?

"Gold trading (COMEX vs loco London) implies a 20% chance of Trump including gold in a 10% blanket tariff on all U.S. imports as of Feb 5, lower than the 50-60% implied probability for copper, silver and platinum," the bank added, referring to U.S. and UK gold markets. [MET/L] ...

Why did UBS lift its 12-month gold forecast?

UBS has lifted its 12-month gold forecast to $3,000 per ounce as the bullion’s price surpassed its long-standing prediction of $2,850 per ounce. This surge in gold prices, reaching new all-time highs and trading at approximately $2,870 per ounce, is attributed to concerns over tariffs and a more hawkish Federal Reserve stance since mid-December. ...

Will gold maintain its upward momentum throughout the year?

They anticipate that gold will maintain its upward momentum throughout the year, supported by an extended global rate-cutting cycle, persistent uncertainty, and strong demand from investors and central banks. ...

Why did Treasury yields rise on Friday?

Wall Street turned sharply lower and benchmark Treasury yields jumped on Friday in the wake of a mixed payrolls report, weak consumer sentiment data and revived trade war jitters. ...