A report by CITI showed that gold prices could rise to $3,000 an ounce, and oil to $100 a barrel over the next 12 to 18 months.
According to the report, gold, which is currently trading at $ 2016, could rise by about 50 percent, if central banks sharply increase their purchases of the yellow metal, or an inflationary recession, or in the event of a deep recession of the world economy.
According to the CITI report, oil prices could reach 3-digit figures again. Catalysts for oil to reach $100 a barrel include rising geopolitical risks, deeper cuts from OPEC+, and supply disruptions from major oil-producing regions.
Source (CNBC Arabia website, edited)
