Citi Predicts Gold Prices Could Drop Up to 25% Amid Slumping Demand

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Source: Bloomberg.com
Citi Predicts Gold Prices Could Drop Up to 25% Amid Slumping Demand
Photo: Bloomberg.com
TL;DR

Citigroup predicts gold prices will decline from record highs to around $2,500-$2,700 by 2026 due to weakening investment demand, improving global growth prospects, and potential Federal Reserve rate cuts, despite recent record-setting prices driven by geopolitical tensions and trade policies.

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