Citi turns bullish on gold, citing deteriorating view of near-term U.S. growth, inflation

Citi analysts reversed their bearish outlook for gold Monday, predicting bullion will rally to a record high in the near term due to a worsening U.S. economy and inflation-inducing tariffs.

Citi upgraded its near-term gold price forecast to $3,500/oz from $3,300/oz previously, and