Citigroup raises its gold price forecast and reports on stable Bitcoin performance in light of economic uncertainty.
Citigroup's Gold Price Forecast
Citigroup has raised its three-month gold price forecast to $3,500 per ounce, which is $200 higher than the previous estimate of $3,300. This decision is linked to a weakening economic outlook in the U.S., persistent inflation, and increasing geopolitical risks.
Executive Order for Crypto Regulation
In early 2025, former U.S. President Donald Trump signed Executive Order 14178, directing key financial agencies, including the Treasury, SEC, CFTC, and Federal Reserve, to formulate a unified strategy on digital assets. This marks a significant shift in the U.S. approach to cryptocurrency from regulatory ambiguity to formal economic integration.
Understanding Cloud Mining
Cloud mining allows users to participate in cryptocurrency mining without owning physical mining hardware. It enables investors to access mining power through remote data centers and pre-set contracts, avoiding traditional barriers related to high capital expenditures and technical complexity.
The rising prices of gold and Bitcoin reflect the market's adaptation to current economic challenges and the evolving regulatory landscape.
