Gold at $3,000 and oil at $100 by 2025? Citi analysts don't rule it out
Publishing timestamp: 2024-02-19 20:38:38
Summary
Citi analysts predict that gold prices could soar to $3000 per ounce and oil to $100 per barrel within the next 12 to 18 months due to central bank purchases, stagflation, and global recession. However, these scenarios are considered low probability, with the base case for gold at $2150 in the second half of 2024 and oil at around $75 per barrel for the year. Various geopolitical risks could also impact oil prices.
Sentiment: MIXED
Tickers: XAU=, @CL.1, @LCO.1, CTRN,
Keywords: united states, commodity markets, gold / us dollar spot, citi trends inc, business news,