Citi's latest analysis suggests a bullish outlook for gold (XAU) as geopolitical and economic factors align to support its price. The report highlights the potential impact of a "gradual tariff" plan proposed by President Trump's economic team, which could lead to a stronger U.S. dollar policy to counteract inflationary pressures from rising tariffs. Citi notes that gold's correlation with U.S. yields is becoming less negative, particularly in a high inflation, high term premia environment. "Central bank purchases, especially from emerging markets, provide a fundamental bid as they seek to diversify FX reserves away from the USD," Citi analysts explain. This structural support, combined with resilient retail demand, positions gold as a favorable long-term investment. The report also emphasizes the strategic use of dual digital options to capitalize on opposing views of GBPUSD and XAUUSD, offering a 65% discount compared to individual digital expressions.