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Citi and UBS Predict Significant Gold Price Correction; Miners Downgraded

Citi and UBS Predict Significant Gold Price Correction; Miners Downgraded

Citi and UBS Predict Significant Gold Price Correction; Miners Downgraded Citi and UBS, major investment banks, forecast a substantial gold price decline of approximately 20% in the coming year. This prediction follows a period of significant growth (108% since late 2022 and 45% in the last 12 months), with gold recently trading around $3394/oz. The projected downturn is attributed to several factors: improving global economic growth and anticipated interest rate cuts by the Federal Reserve. Citi anticipates weakening investment demand…

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Geopolitical Uncertainty and US Economic Concerns Fuel Gold’s Record-Breaking Surge

Geopolitical Uncertainty and US Economic Concerns Fuel Gold’s Record-Breaking Surge

Geopolitical Uncertainty and US Economic Concerns Fuel Gold’s Record-Breaking Surge Gold prices reached a record high above $3,500 per troy ounce on April 21st, 2025, marking a 30% increase year-to-date. This surge follows a prolonged rally from a 2.5-year low in October 2022, driven primarily by escalating geopolitical tensions and concerns about the US economy. The Trump administration’s imposition of significant tariffs on numerous trading partners, culminating in a “Liberation Day” announcement on April 2nd, 2025, significantly exacerbated existing trade…

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