Citi: Driven by cyclical and structural factors, gold and silver may continue their upward trend
Jinse Finance reported that Citi Research analysts stated that, driven by both cyclical and structural factors, gold and silver may continue their upward trend. Structural bullish factors include concerns about US debt, the US dollar's status as a reserve currency, and the independence of the Federal Reserve. Cyclical favorable factors include the continued weakness in the US labor market, concerns about the impact of tariffs, and broader worries about global economic growth. Due to strong demand from the solar photovoltaic market, silver remains in a persistent state of physical shortage. Citi has raised its three-month forecast for gold from $3,800 per ounce to $4,000 per ounce, and for silver from $45.00 per ounce to $55.00 per ounce.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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