11:22 - 17.06.2025

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June 17, Fineko/abc.az. Strategists at American financial conglomerate Citigroup predict a decline in gold prices below $3,000 per ounce in the coming quarters.

ABC.AZ informs that Citigroup analysts believe that the record rally in gold will dry up, and investment demand for the precious metal will decrease.

"According to our estimates, gold will return to around $2,500-$2,700 per ounce by the second half of 2026," the experts wrote.

They also believe that the US Federal Reserve System (FRS) will continue to cut rates, which will also put pressure on gold.