[Citigroup: Half of the risks supporting gold may fade later this year] According to Golden Finance, Citigroup stated on Friday that gold investment allocation is supported by a series of intertwined geopolitical and economic risks, but about half of these risks may fade later this year. Citibank noted that some core risk factors driving gold demand—such as concerns over U.S. government debt and AI uncertainty—could keep gold prices at levels above historical averages. However, the bank estimates that most of the risks currently priced into gold will not truly materialize until 2026, or even if they do, they may not persist beyond 2026. The bank added: "We see the Trump administration striving to achieve 'American-style gold stability' during the 2026 midterm elections. We also foresee the end of the Russia-Ukraine conflict and the eventual easing of the Iran situation, all of which would indicate a decline in risks compared to current levels. If Walsh's nomination is approved, it would further confirm our long-held view that the Federal Reserve remains politically independent. This perspective is another medium-term negative factor influencing gold prices.