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.
[MARKET UPDATE] Precious metals sell off continues, with spot gold lower by c. 10.5% and spot silver c. 26.5%, while Dollar continues to edges higher
US NY Fed GDP Nowcast Q4: 2.74% (prev 2.74%),Q1: 2.73% (prev 2.73%)
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
Venezuela Foreign Ministry says we reject the US-proposed tariffs on countries supplying Cuba with oil
US President Trump thinks they are getting closer to a settlement on Russia and Ukraine
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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.
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