Factbox: Citi Downgrades Short-Term Gold, Silver Price Forecasts

In an unexpected turn of events, investment banking giant, Citigroup has downgraded its short-term forecasts for gold and silver prices. This decision comes as a response to a fluctuating global market and uncertain economic conditions. Bearish market sentiment and a strengthening dollar have been attributed as key factors leading to this strategic shift. However, despite the forecast adjustment, Citi analysts remain optimistic about the long-term prospects of both precious metals. Note that investing in commodities, as always, should be approached with a keen understanding of geopolitical and market risks. Read More