Citigroup: Negative outlook for the US economy will push gold prices moderately higher
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最新报道：According to a report from Bijie.com, Citigroup raised its gold price forecast for the next three months from $3,300 to $3,500 per ounce, and its expected trading range from $3,100-3,500 to $3,300-3,600, citing a recent deterioration in the outlook for US economic growth and inflation. The bank stated, "Concerns about US economic growth and tariff-related inflation will continue to intensify in the second half of 2025, which, combined with a weaker US dollar, will drive gold prices moderately higher to a new all-time high." Citigroup also highlighted weaker US employment data in the second quarter of 2025, growing concerns about the institutional credibility of the Federal Reserve and US statistics, and rising geopolitical risks related to the Russia-Ukraine conflict. Citigroup estimates that total gold demand has increased by more than a third since mid-2022.
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