Citi says its 3-month price target for gold and silver is now USD 5000/oz and USD 100/oz respectively
Citi's bullish three-month price targets for gold and silver suggest a significant upside that could reshape market sentiment towards these metals.
China says it opposes unilateral sanctions and "long-arm jurisdiction", following the 25% tariff on US trade for countries doing business with Iran
Samsung Electronics (005930 KS) is to supply automotive 5G modems to Tesla (TSLA)
Citi says its 3-month price target for gold and silver is now USD 5000/oz and USD 100/oz respectively
[MARKET ANALYSIS] Precious metals pull back from ATHs, with spot XAU finding resistance at USD 4600/oz; Crude benchmarks oscillate in tight ranges amid quiet newsflow
South Korea's financial regulator said that local insurers will have to maintain enhanced capital ratio requirements starting in 2027 in a move to strengthen the capital quality, according to Yonhap
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Such an optimistic forecast might indicate expectations of heightened inflation or geopolitical instability, which typically drive demand for safe-haven assets. Traders should monitor how these targets influence positioning in commodities markets and related currencies, particularly in light of any shifting macroeconomic conditions.
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