Gold Run! Manic Metals Report 02/11/2025

Another record high on gold is a run on the bank continues the demand for physical gold has shaken up the global markets even in the UK there are people lined up to get their hands on the yellow metal talk of tariffs and concerns about looking for alternative investments and keeps the pressure on the upside and gold and while we may pull back a little bit we still are targeting $3000 an ounce.
Yet Citi Bank is going higher. Bullion Bank Leads Team $3,000+ Citi Says More Upside is Coming!
Zero Hedge reported that “old Makes New ATH as CITI Raises Price Target to $3300 (seriously) “Using our quarterly price changes model, we see gold prices rising to well over $3,300/oz, though we view this is a bull case given the potential for jewelry and scrap over the next 12 months. We take a more conservative base case… which suggests gold increases to $2,900-3,000/oz over the next 6-12 months”
CITI’s new gold report published February 6th makes a straightforward case: Gold’s rally is being driven by physical demand, not speculation. The bank has hinted at this before in August 2024. It was also about this time other major Bullion Banks unveiled their own new physical demand-skewed models for valuing Gold. In this way, Citi, BOA, and Goldman have been ahead of the curve in sharing their methodology with investing clients. This change in risk metrics was significant as it acknowledged China/BRICS demand and set the table for price-target upgrades regardless of what the Dollar or interest rates did. And that is exactly what we got. Gold and Silver rose dissuaded either by Dollar strength nor higher rates since those reports in August.  As of two days ago, with Citi (and UBS) raising their targets, every major bullion bank has raised its price target to $3,000 now. Both BOA and Citi have increased their targets. With this latest analysis, Citi has joined the short-term $3,000 target club and provides a detailed rationale for the potential of even higher prices.

Bottom Line: central banks are buying at record levels, investment demand is absorbing nearly all new supplies, and concerns over de-dollarization are keeping gold in focus. The report outlines why these trends are likely to continue while also highlighting potential risks from trade policy, interest rates, and economic shifts.
Today the gold market seems to be pulling back ahead of a speech from Federal Reserve Chairman Jerome Powell the market seems to think that Jerome Powell is going to take away the chances of an interest rate cut anytime soon that’s driving up to dollar and causing gold traders to take some profits if Jerome Powell comes off a little bit dovish this might be the great opportunity to buy into gold before it hits that targeted $3000 an ounce worth $3300 . Goldman Sachs predicts that gold prices will reach $3,000 per troy ounce in mid-2026. This is due to increased demand from central banks and concerns about inflation and geopolitical issues.
Artificial intelligence is expected to increase electricity demand, leading to higher copper demand. China faces a copper deficit but seeks solutions to meet this growing need.
Today it’s being reported that   China is actively increasing its international investment in the copper industry, primarily by funding mining projects in countries like Zambia and the Democratic Republic of Congo, aiming to secure a significant portion of the global copper supply through overseas investments, particularly in Africa, to meet its growing domestic demand for the metal crucial for its infrastructure and energy transition initiatives.
Aluminum and steel tariffs by the Trump administration has given back to our support to metals as wel. WE will see how Powells comments impacts these metals. WE are ll going to buy the break mode on all industrial metals .

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