Vince Lanci breaks down the news Citi Bank is doubling down on their call for $7k gold by 2027:
“Citi lays out its short-term bearish, long-term bullish case for Gold & Silver.
Keeping in mind they were bearish last month when no one else was….and they have been very good in oil, we’re taking this seriously.
Citi frames gold (outperform) & silver (underperform) as risk-sensitive assets in the near term, despite the inflationary backdrop.
During the Iran-driven energy shock, gold has sold off sharply, declining roughly 15% as it trades in line with broader risk assets rather than as a safe haven, pressured by higher real rates and a stronger dollar.
The report argues that this behavior is consistent with past crises, where gold typically falls initially during liquidity stress before stabilizing and eventually rebounding ahead of broader markets.
We’d note saying essentially this same thing about Gold echoing Hartnett.. the first 90 days are a crapshoot, the next 6 months are bullish historically.
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