Silver Rises Over 120% YTD 
During a recent ‘Money Movers’ interview, Max Layton, Citi Group’s global head of commodities, discussed important market developments:
– Citi has raised its three-month gold price target, showing increased confidence in gold’s short-term performance
– Layton warned that markets may be significantly underestimating the effects of reciprocal tariffs, particularly those targeting Venezuela
– He explained that upcoming tariffs support Citi’s bullish stance on gold while reinforcing their bearish view on oil
– This contrasting outlook on gold versus oil reflects Citi’s strategic approach to navigating the complex geopolitical trade landscape
