Investing.com- Sell Oil Rallies, Wait to Buy Near-term Dip in Gold: Citi
Article by Sam Boughedda in Investing.com
In a note to clients Thursday, Citi analysts advised a cautious approach to oil and gold following Donald Trump’s election victory and a Republican “red sweep” of Congress.
The recent shifts in global markets, with a 1-5% drop in oil, gold, copper and emerging market equities, reflect concerns over potential tariff-driven trade tensions with China and reduced global demand, according to the bank.
Citi maintains its bullish stance, targeting $3,000 per ounce, driven by factors like the ......