Gold rally on track to US$3,000/oz: Citi's global head of commodities research
7 minute video.
https://www.bnnbloomberg.ca/video/g...s-global-head-of-commodities-research~2906567
A prediction for higher prices in the medium term: gold and copper.
Funds buy back into copper’s supercycle credentials
Copper futures (May'24) are currently US$4.431/lb (US$9,769/tonne).
https://www.mining.com/web/column-f...ercycle is back,highest trade since June 2022.
Copper below US$9,500 per tonne is now cheap, according to analysts at Citi, who have raised its forecast to an average US$10,000 during the fourth quarter of this calendar year and US$12,000 during 2026.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Gold rally on track to US$3,000/oz: Citi's global head of...
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