Citi expects that both economic and geopolitical risks will decline by H2 26, from current extremely elevated levels, taking some of the heat out of gold market

Citi expects that both economic and geopolitical risks will decline by H2 26, from current extremely elevated levels, taking some of the heat out of gold market.

Citi's forecast for a decline in both economic and geopolitical risks by H2 2026 suggests a potential easing of tensions that could lead to reduced demand for gold as a safe haven. If these risks subside significantly, we could see downward pressure on gold prices, impacting not only commodities but also related equities and broader market sentiment.