Citigroup: Still tactically bullish on precious metals in the short term.

Citigroup investment strategist Kenny Hu stated in a report that the organization still tactically favors precious metals in the short term. Hu stated that the main drivers of this bull market still exist, such as geopolitical risks and concerns about the independence of the Federal Reserve. Hu added, "The ongoing uncertainty caused by the further postponement of tariff decisions may also temporarily prevent large-scale metal inventories in the United States from flowing back to other parts of the world, thus prolonging the current tightness in the global physical market." Citigroup maintains its unchanged gold and silver price targets for no more than three months, at $5,000 per ounce and $100 per ounce, respectively.