Gold’s Bull Run Strengthens on Back of Global Instability
With markets rattled by rising geopolitical friction—particularly between the U.S. and China—investors are rapidly shifting their focus to safe-haven assets.
Gold, long regarded as a refuge in turbulent times, is once again in the spotlight, and analysts at Citi now believe the metal could soar to $3,500 in the coming months.
This bullish forecast follows a period of escalating tariffs and growing fears of an all-out trade conflict. The dollar’s recent weakness, combined with surging interest in alternative stores of value, has fueled renewed appetite for gold. Citi has revised its short-term outlook, pointing to strong buying activity from Chinese insurers and intensifying global uncertainty as the primary drivers.
The bank also warned that physical gold supply is tightening. As demand accelerates and stockholders hold off on selling, prices may need to climb further to unlock liquidity in the market.
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Beijing’s strategy plays a key role in this scenario. China’s broader push to reduce reliance on the U.S. dollar has included ramping up gold reserves—often in tandem with its BRICS partners. A recent green light from Chinese regulators now allows a group of insurers to allocate part of their portfolios to gold, which could inject over 250 metric tons of additional annual demand.
With these dynamics converging—policy shifts, macroeconomic volatility, and physical scarcity—gold’s momentum appears far from over. Whether it can break new records in the near future may depend on just how deep the fractures in the global financial landscape go.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
