This investment bank’s latest commodity outlook: 'Tactically bullish' on crude oil and precious metals, 'structurally bullish' on aluminum, and copper prices 'may peak within a month.'

Citi's research report indicates that the commodities market is at a turning point. Crude oil is expected to reach a short-term target of $70 per barrel driven by geopolitical factors, but faces long-term pressure from oversupply. Precious metals are bullish, with silver targeting $100 per ounce and gold $5,000 per ounce. Among industrial metals, aluminum presents the most opportunity due to supply shortages, with a target range of $3,400-$3,500 per metric ton. Copper prices are projected to reach $14,000 per metric ton, but January may mark the peak for the entire year.

wallstreetcnJan 15 18:18

Gold prices plunged over $40 in the Asian session! FXStreet analyst provides technical analysis of gold prices, focusing on key resistance and support levels.

During the late Asian session on Thursday, spot gold maintained a significant intraday pullback, with the price currently near $4,585 per ounce, plunging over $40 on the day. Akhtar Faruqui, an analyst at FXStreet, noted that gold prices retreated after hitting a record high of $4,643 per ounce in the previous trading session.

FX168Jan 15 13:55

Gold Trading at a Record High Amid Geopolitical Turmoil, Even With U.S. Dollar Mostly Steady

MT NewswiresJan 14 22:17

Gold and silver continue their upward momentum! The price of gold may break through $5,000 per ounce in the next three months.

① Gold prices have surged past $4,600 per ounce. The strong rally at the beginning of the year has been driven by concerns over the Federal Reserve's independence, ETF and central bank gold purchases, and the U.S. fiscal deficit, among other factors; ② Silver prices have risen by 28.5% this year, primarily fueled by safe-haven demand; ③ Citi forecasts that gold's target price for the next three months will be $5,000 per ounce and silver's at $100 per ounce, but a pullback may occur after reaching these highs.

cls.cnJan 14 18:20

Express News | Spot gold surged by $50 intraday, hitting a new record high.

BreakingsJan 14 13:05

Gold up 7%, silver up 25%! With January not yet halfway through, the bull market for precious metals is once again dominating headlines.

① As a flurry of political, economic, and geopolitical news emerged from Washington, investors' thoughts of taking profits or catching their breath in the precious metals market vanished instantly; ② This inevitably brings to mind Lenin's widely quoted remark: 'There are decades where nothing happens, and there are weeks where decades happen.'

cls.cnJan 14 11:39