Gold & Oil Prices To Reach $3,000 and $100, Predicts Citi Analyst Citi Analysts Predict Gold and Oil Prices To Break the $3000 and $100 thresholds by 2025
The prices of gold (per ounce) and oil (per barrel) can soar up to $3000 and $100 in the latest forecast predicted by Citi analysts. Per the new report, the central banks have started purchasing gold at a rapid pace in the hope of amplifying credit and reducing credit risks. The Citi report further outlines Russian and Chinese central banks leading the gold purchases with India, Turkey, and Brazil, queuing back in line. Also Read: Gold Forecasted To Reach Fresh All-time High of $2,250 Gold and Oil Poised to Gain Momentum Source: Capital.com / Shutterstock The price of gold is expected to surge by as much as 50% if central banks continue to ramp up gold purchases. “The most likely wildcard path to $3,000/oz gold is a rapid acceleration of an existing but slow-moving trend. De-dollarization across Emerging Markets central banks can in turn lead to a crisis of confidence in the U.S. dollar,” Citi analysts Doshi later shared. The de-dollarization...