Gold prices may fall below $3,000 an ounce by late 2026 as the rally loses steam, according to Bloomberg. Citigroup analysts see gold retreating to $2,500 to $2,700 due to weaker investment demand, improving global growth, and expected Fed rate cuts. Gold soared nearly 30% this year, hitting a record in April on safe-haven buying tied to Trump’s trade moves, Middle East conflict, and central bank purchases. Citi assigns a 60% probability to a near-term consolidation above $3,000 followed by a decline.
