Central Banks are Turning to Gold- Should You?

Central Banks are Turning to Gold- Should You?

As global economic uncertainty rises, central banks worldwide are significantly increasing their gold reserves. This strategic move is a response to the negative impacts of aggressive monetary policies, such as quantitative easing and low interest rates, which have led to currency devaluation and market instability. Gold has long been recognized as a safe haven asset, offering stability and protection during volatile times. As central banks diversify their reserves to mitigate risks, individual investors can take a page from their playbook by incorporating gold into their portfolios.

Gold Prices Could Surge to $3,000

Gold Prices Could Surge to $3,000

Gold Prices Could Surge to $3,000: Citi's Bullish Outlook on Precious Metals In a recent report, Citi analysts have projected a potential surge in gold prices to $3,000 per ounce, citing significant expansion in financial flows. This forecast comes amid a weakening US labor market, broader trends of disinflation, and a notably soft June Consumer Price Index (CPI) print, which collectively bolster the case for a dovish pivot by the Federal Reserve at the upcoming July Federal Open Market Committee (FOMC) meeting.