Gold rally to end on demand slump, Fed cuts: Citi

Gold is expected to sink back below $3,000 an ounce in coming quarters as the record-setting run peters out, said Citigroup Inc., calling time on one of the standout commodity rallies.

- Bloomberg

"Our work suggests that gold returns to about $2,500 to $2,700 an ounce by the second half of 2026," analysts including Max Layton said in a report. The slump may be driven by weaker investment demand, improving global growth prospects and rate cuts by Federal Reserve, they said.