GuruFocus News
01/20/2026 08:50
Citi Investment Research strategist Kenny Hu reports that the firm maintains a tactical short-term bullish outlook on precious metals. Hu highlights that key drivers of the current bull market remain, such as geopolitical risks and concerns about the Federal Reserve's independence.
Hu notes that the ongoing uncertainty due to the delayed tariff decisions could temporarily prevent a significant flow of U.S. metal inventories back to other parts of the world. This situation prolongs the current tightness in the global physical market.
Citi maintains its less than three-month price targets for gold and silver at $5,000 per ounce and $100 per ounce, respectively.
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