Gold could hit $3,000, Citi analyst says
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- Опубликовано: 8 июл 2024
- 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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My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
Just buy Gold and protect your assets, the stock market is a rollercoaster.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
TERRI ANNETTE MOORE is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
Gold will end the year around $3200.
I’m still in the ‘at $3k’ or just under by 2025 camp . But let’s go!! 🎉
2.8 at best I reckon
No
😂
An Ounce of gold should outpace 1 Bitcoin IMO. I own both , but gold is more globally solvent and sought after . Just my opinion
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?
$3000 then $5000 and finally will break $10,000 . It is just matter of times
Meaningless statement. Investment returns are inherently linked to time. Do you mean 100 years or 1? Big difference.
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 $10k you won't be able to buy a loaf of bread for that! My Grandfather escaped Germany and said a wheel barrow full of German Marks couldn't get you a loaf of bread at the local market! But a few lumps of coal was like gold!
@@kennyh5083Yeah and there is even a Anekdote where someone had a wheel barrow full of money. Someone stole the wheel barrow and left the money behind 😂
in what 20 years? I would bet by the time gold doubles the dollar will buy half as much.
I suspect they will let gold rally to 5000$ 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
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 ) .
Gold appears like a wise investment, especially in light of the recent volatility in the market.
Why is a private bank allowed to control our money. Can someone please explain that to me?
gold is decentralized no one can own it. if ur holding physical gold but virtualy yes.
$ 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...
gold and silver!
Gold 🪙 and silver 🥈 gets more
Did this guy open up by discrediting himself saying he predicted $2K/ounce within 12 months of his 2019 prediction?
and if you want gold, buy silver
Silver is garbage
@@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
Oxidation: yeah I like this comment.
@@ooigfgnnkhjjnc how? It's used in everthing
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..
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
Over the long run Gold has merely kept up with inflation. So what is your point?
@@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.
Gold price $3000 will be a normal price in 4.5 years and it’s simple maths. If this price is reached now, then there will be a correction.
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 $4000. Just praying that happens. Though I noticed it normally goes down to wipe investor's accounts then pulls back when everyone is exhausted & unable to open orders 😅
Gold GO UP:!..Market players are waiting 2 things.;;.1..The first is if there will be FED rate cuts or hikes??,,2 If we see centrals banks are buying a lot of gold right now and months ago -led by the Bank of China-to ease reliance on US$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¡¡
$EPIKO check the yearly trend!
Poor man's gold is silver get some
Forget 3k how about 4k and higher like 8k in less than a year
It will sure hit 3000 but not Dollars 😂
Not only 3k !!! Gold also will hit 100k , but the question is when ?
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 .
@@romerome6968Not a wealth grower but a wealth keeper. Hasn’t changed in 3000 years
vont manipuler a la baisse mais il y a une grosse pression acheteuse !!
With..Wichai..
ราคาทองคำขึ้นลงอยู่ที่. 2.350.ดอลล่าร์/ออน
Somehow the glasses make her less trustworthy to give advice. Strange
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 …..❤❤❤❤❤❤❤❤❤❤
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
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 !!
Soon 2000 dollar's again
會到5000元！
Lot of nonsense.. cant believe its Citi
If c bitcoin, it is can't imagine 🙄
Could retrace to $2,000 as well. When the idiots start buying... it's time to wait.
Lol it will not go back down because of inflation
Gold only goes up duh.
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.
$100,000…. I wish
Gold will continue its fall till the end of August 2024.. After the end of August 2024 till 1st week of November 2024 Gold price may rise little.. After that it will start falling again that will continue till June 2025.. I'm expecting 1830 to hit...
The oracle has spoken
not fucking seeling obn 3k ... im not stupid... and just physical
You are smart 😅
📍Gold ...W1📉∆📈 ...3014$...📍