From Financial Modeling Prep: 2025-05-27 06:49:00

Citi raises gold forecast to $3,500/oz due to U.S. tariff threats and geopolitical risks. Gold expected to trade between $3,100 and $3,500 in coming weeks as investors seek safe havens. Monitor real-time data through Commodities API for updates.

Key drivers behind upgrade include U.S. tariff threats against EU and heightened geopolitical tensions in Middle East and Asia. Gold’s risk premium increases as metal acts as hedge against policy uncertainty. Stay informed with Economics Calendar API for key tariff deadlines.

Citi cautious long-term due to upcoming U.S. midterm elections and potential Fed rate cuts affecting gold’s appeal. Record household gold holdings limit new buyers. Platinum target remains at $1,050/oz, while palladium target stays at $900/oz with producer hedging and short-selling pressure.

Policy developments can quickly impact gold prices, highlighting the need for real-time data feeds to stay informed and position effectively in the market.



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