Gold Prices Forecast to Hit $3,000
Citigroup Inc. predicts gold prices to reach $3,000 an ounce in three months due to geopolitical tensions and trade wars. Trump's policies are boosting demand for safe-haven assets like gold.
Key Points
- Gold prices expected to surge due to Trump's policies
- Citi analysts foresee a gold bull market under 'Trump 2.0'
- Investors turning to physical gold and exchange-traded funds for security
Pros
- Geopolitical tensions and trade wars increase demand for safe-haven assets like gold
- Gold seen as a store of value in uncertain times
- Central banks likely to continue building gold reserves
Cons
- Potential risks include slower growth and high interest rates