Gold could hit $3,000, Citi analyst says

Рет қаралды 42,806

Күн бұрын

Citigroup (C) has forecast that gold prices (GC=F) could reach $3,000 per ounce over the next few months. The analyst behind the call, Citi North America Head of Commodities Research Aakash Doshi, joins Yahoo Finance to discuss his outlook.
Doshi states that the "big driver" behind his $3,000 per ounce target is the expectation that financial demand for gold will "catch up to what is strong physical" demand. He notes that demand has surged in the post-pandemic period, with central banks in emerging markets buying "record amounts of gold," solidifying the strength in the "physical demand pool."
According to Doshi, the heightened central bank buying has served two critical functions: "It has lifted the gold price floor and it's also damped downside price volatility." He explains that central bank demand, which accounts for 25 to 27% of annual gold consumption, is an important factor supporting the market.
With gold already trading at "all-time highs," Doshi believes the support base for gold prices will lie between $1,900 and $2,000 per ounce, with the commodity expected to trade "above that benchmark" going forward.
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Пікірлер: 58

@ahmedalsharman Ай бұрын

Gold will end the year around $3200.

@jgnmtz Ай бұрын

I’m still in the ‘at $3k’ or just under by 2025 camp . But let’s go!! 🎉

@choongching Ай бұрын

2.8 at best I reckon

@oggyoggy1299 23 күн бұрын

@jgnmtz Ай бұрын

An Ounce of gold should outpace 1 Bitcoin IMO. I own both , but gold is more globally solvent and sought after . Just my opinion

@dbased1915 14 күн бұрын

Also top of it's S-curve.. Banks own it, governments own in. wealth funds hoard it. Bitcoin is more scarce, and the total supply is 100% known. Also what will future generations buy when they have money gold or digital gold aka bitcoin?

@usaokusa Ай бұрын

$3000 then $5000 and finally will break $10,000 . It is just matter of times

@a.s.2426 Ай бұрын

Meaningless statement. Investment returns are inherently linked to time. Do you mean 100 years or 1? Big difference.

@kennyh5083 23 күн бұрын

Problem is it is not following inflation at all or the crashing dollar! Everything now is about twice the price of what it was not long ago when Gold was just under $2k and so now it should be at least $4k to stay with inflation and the declining dollar! By the time it hits $10k you won't be able to buy a loaf of bread for that! My Grandfather escaped Germany and said a wheel barrow full of German Marks couldn't get you a loaf of bread at the local market! But a few lumps of coal was like gold!

@hugohabicht9957 21 күн бұрын

@@kennyh5083Yeah and there is even a Anekdote where someone had a wheel barrow full of money. Someone stole the wheel barrow and left the money behind 😂

@dbased1915 14 күн бұрын

in what 20 years? I would bet by the time gold doubles the dollar will buy half as much.

@shawnkoon3732 4 күн бұрын

I suspect they will let gold rally to 5000$ on its own then revalue to 10-20k. The reason for the revalue is to attach a windfall tax from 5k to whatever price. They're not gonna miss the opportunity to miss that much taxing

@jgnmtz Ай бұрын

Great video. Agree with this analyst completely. The Fed isn’t cutting rates . IMO, we will be lucky to get a .25 quarter percent cut in summer , if at all. Gold will be the sought after store of value for serious investors (if not GOLD etf’s /mining ) IMO. I’m no analyst , just an investor and serious consumer for the last 47 years . Gold’s price was suppressed IMO and is only now reflecting its true ‘global ‘ demand value . Meanwhile the fed printing machine continues to create $1 trillion new debt every 100 days. How the economy hasn’t collapsed is beyond me . Must be those rich elites whose ultra rich ancestors created the FED on that island in order to control economies, markets and their own wealth . Bizarre! The true value of printed money is zero! Not backed by anything. Unless you consider the lopsided taxing authority of the federal govt (they don’t tax the rich ) .

@steveciarico9824 14 күн бұрын

Why is a private bank allowed to control our money. Can someone please explain that to me?

@toonflix3757 8 күн бұрын

gold is decentralized no one can own it. if ur holding physical gold but virtualy yes.

@StephanieTroy-dp5gp 26 күн бұрын

Gold appears like a wise investment, especially in light of the recent volatility in the market.

@lepton31415 Ай бұрын

and if you want gold, buy silver

@ooigfgnnkhjjnc Ай бұрын

Silver is garbage

@lepton31415 Ай бұрын

@@ooigfgnnkhjjnc oh interesting. the second most versatile commodity on the planet is garbage? someone should tell the folks in India. they keep buying tons of it. so much so that we're in a supply deficit for the 3rd year in a row. I wonder why so many people are buying garbage

@HRWU Ай бұрын

Oxidation: yeah I like this comment.

@mackm7781 Ай бұрын

@@ooigfgnnkhjjnc how? It's used in everthing

@superstar5123 Ай бұрын

gold and silver!

@EdED-gg6fr Ай бұрын

$ 2500 first to focus on, June future based😌 And if it's gonna be a financial-..., and/or geopolitical, crisis it probably goes more up, and maybe to $ 3000...

@jobson586 Ай бұрын

Gold was $50 in 1970 a huge nite out with birds cigars and turps $50 today is a sad nite watching the Box and brown bottle booze and zero skirt

@a.s.2426 Ай бұрын

Over the long run Gold has merely kept up with inflation. So what is your point?

@ozyrob1 13 күн бұрын

@@a.s.2426 I think he's saying unless you put your money into hard commodities that increase reliably, inflation will erode it to near worthlessness.

@user-hb2ku5oq5r Ай бұрын

Gold GO UP:!..Market players are waiting 2 things.;;.1..The first is if there will be FED rate cuts or hikes??,,2 If we see centrals banks are buying a lot of gold right now and months ago -led by the Bank of China-to ease reliance on US$dollars ¡¡What happen's next?? I think that there will be not cut Fed rates this year¡¡So,gold will reach new all-time high record prices¡¡

@33Treez Ай бұрын

$EPIKO check the yearly trend!

@ChadAndersen-qc4kf 14 күн бұрын

Poor man's gold is silver get some

@ChadAndersen-qc4kf 14 күн бұрын

Gold 🪙 and silver 🥈 gets more

@a.s.2426 Ай бұрын

Did this guy open up by discrediting himself saying he predicted $2K/ounce within 12 months of his 2019 prediction?

@rajkc9209 21 күн бұрын

As hard as physical gold is becoming hard to find even 3000 is low and then compare with what else you can find for 3000 these days and that is when USD is supposed to be strong..

@REALJABER 28 күн бұрын

Not only 3k !!! Gold also will hit 100k , but the question is when ?

@romerome6968 26 күн бұрын

It's gonna take time. Gold is a wealth grower with no dividend or cashflow. It's not a get quick Rich. It's made for people who have money to throw at it, and grow thier wealth. While paper money loses its value. Gold is king. Every decade they say its going to boom. And here we are speculating again. The gold market can cool down as well and start going lower for a few months .

@hugohabicht9957 21 күн бұрын

@@romerome6968Not a wealth grower but a wealth keeper. Hasn’t changed in 3000 years

@hugohabicht9957 21 күн бұрын

It will sure hit 3000 but not Dollars 😂

@user-rf8ku9uv6u 22 күн бұрын

With..Wichai.. ราคาทองคำขึ้นลงอยู่ที่. 2.350.ดอลล่าร์/ออน

@mokka.australia 26 күн бұрын

I have a feeling gold will "spike" unexpectedly (7am - 12pm aest) when everyone least expects sleeping or busy. It could happen anytime this month or August latest even break $3500 almost $4000. Just praying that happens. Though I noticed it normally goes down to wipe investor's accounts then pulls back when everyone is exhausted & unable to open orders 😅

@flyingsaucer1268 21 күн бұрын

no Citi no...... Gold will not skyrocket to $3000 per oz over the next few months. Sometime around december-2025 maybe, but not within a few months !!

@francoissimmer5394 Ай бұрын

vont manipuler a la baisse mais il y a une grosse pression acheteuse !!

@maihuong8223 29 күн бұрын

Mua nhẫn nhiều giờ rất khó, phải ghi giấy hẹn ! Kiểu này vàng sớm hết khi mọi kênh đầu tư đều rủi ro, gửi ngân hàng thì bất an lo sợ ,mất giá …..❤❤❤❤❤❤❤❤❤❤

@NikolaTravica 17 күн бұрын

I dont think that gold will be impacted by howkhisnest of fed ... can just go higher in usd terms if fed is loose...cmon inflation is around 10%% on 16May2024 as i type...you know old and new system of value etc bla bla :) should explain for common ppl

@user-fx7db7to2k 26 күн бұрын

會到5000元！

@marknordgard1916 Ай бұрын

Soon 2000 dollar's again

@christasgamingchannel6120 Ай бұрын

$100,000…. I wish

@john-ze7eu Ай бұрын

Could retrace to $2,000 as well. When the idiots start buying... it's time to wait.

@TCh-rk7xt Ай бұрын

Lol it will not go back down because of inflation

@ooigfgnnkhjjnc Ай бұрын

Gold only goes up duh.

@erichood3169 Ай бұрын

Would take a long time for that. Have ti recover before that could happen. It's going to be years for that to possibly happen.

@bitministry Ай бұрын

Lot of nonsense.. cant believe its Citi

@eslink07 Ай бұрын

If c bitcoin, it is can't imagine 🙄

@NikolaTravica 17 күн бұрын

not fucking seeling obn 3k ... im not stupid... and just physical

@ChadAndersen-qc4kf 14 күн бұрын

You are smart 😅

@NextElliott 24 күн бұрын

Gold will continue its fall till the end of August 2024.. After the end of August 2024 till 1st week of November 2024 Gold price may rise little.. After that it will start falling again that will continue till June 2025.. I'm expecting 1830 to hit...