Citi analysts suggest that gold could reach $3,000 per ounce and oil $100 per barrel by 2025. Factors such as central bank purchases, stagflation, or a global recession could drive the surge. Gold is currently trading at $2,016 per ounce.
The rising number of barrels of WTI #crudeoil per ounce of #gold and expectations for the #Fed to cut rates could mark a key relationship, and trend of 2024. My bias is the gold/crude ratio is more likely to keep advancing, but sticky #inflation overtones -- S&P 500 is up about… https://t.co/WLqsGikGQi
Something May Have to Give - #Gold-to-Crude Cross vs. the Fed - Rising WTI #crudeoil and equity prices in 2024, along with core #inflation running about double the #FederalReserve s' target, may be reason enough not to cut rates, with end-game implications. A predominant ratio in… https://t.co/zfdgp174XP
Why buy #gold with US #stocks rising rapidly, a strong #dollar and 5% interest rates? The answer may suggest what's necessary for the metal to put some distance above $2,000 an ounce. The deepest pockets on the planet -- #centralbanks -- have been "colossal" buyers the past two… https://t.co/pHZei5MCGD
Gold at $3,000 and oil at $100 by 2025? Citi analysts don’t rule it out Gold prices could soar to $3,000 per ounce, and oil to $100 per barrel within the next 12 to 18 months subject to any one of three possible catalysts, according to Citi. Gold, which is currently trading at…
Gold at $3,000 and oil at $100 by 2025? Citi analysts don’t rule it out Gold, which is currently trading at $2,016, could surge by about 50%, if central banks sharply ramp up purchases of the yellow metal, a possible stagflation, or in case of a deep global recession, Aakash…
#Gold $2,000? #Bitcoin, Stocks and Headwinds That May Turn Tail - The gold price dipping below $2,000 an ounce would appear for good reason to augur the potential for the metal to continue appreciating in 2024. A final straw of gold resistance may be the resilient US… https://t.co/DGU5nspotZ
Gold at $3,000 and oil at $100 by 2025? Citi analysts don't rule it out #Oilandgas #Gold https://t.co/qpRaBxlZMT
$3,000 gold possible by 2025, according to Citigroup https://t.co/5v75R9JkS6
Gold at $3,000 and oil at $100 by 2025? Citi analysts don't rule it out https://t.co/bEMM0bo13U