TechFlow news, June 17 — According to Jinshi Data, Citigroup stated that gold is expected to retreat below $3,000 per ounce over the coming quarters. Analysts including Max Layton said: "By the second half of 2026, gold will return to around $2,500–$2,700 per ounce." Factors such as weakening investment demand, improved global economic growth outlook, and Federal Reserve rate cuts could lead to a decline in gold prices. They said: "We believe gold investment demand will weaken toward the end of 2025 and into 2026, as Trump's rising popularity and the 'put option' on U.S. economic growth begin to take effect, especially as attention shifts to the U.S. midterm elections." Additionally, "We believe the Fed has significant room to ease restrictive policy back toward neutral." In the bank's base case scenario (with a 60% probability), gold prices are expected to consolidate above $3,000 per ounce next quarter before trending lower.
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