Citi Expects Gold Prices To Remain At $4,000/oz In The Near Term
ReutersOct 21, 2025 3:42 PM
Oct 21 (Reuters) - Citi:
SAYS IN THE NEAR TERM THEY SEE GOLD (PREVIOUSLY BULLISH BUT NOW BEARISH) AT $4,000/OZ 0-3 MONTH TARGET
EXPECTS THAT AN END TO THE US SHUTDOWN AND CHINA-US DEAL ANNOUNCEMENTS CAN CONTRIBUTE TO A CONSOLIDATION OVER THE NEXT 2-3 WEEKS FOR GOLD
SAYS MEDIUM-TERM BULLISH COPPER AND ALUMINIUM, TO $12K/T OVER THE NEXT 6-12 MONTHS, AND TO $3,500/T BY 2027 RESPECTIVELY
SAYS "WE CONTINUE TO SEE BRENT AVERAGING AROUND $60/BBL DURING 1Q’26"
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