Silver to $39.50: Up 9.4% Past 30 Days
Investment bank Citi has revised its gold price outlook, expecting the precious metal to consolidate in the $3,100-$3,500 range during the third quarter of 2025. This represents a moderation from the April peak of $3,500 per ounce, with prices already dropping over $100 since Citi lowered its near-term target from $3,500 to $3,300 in mid-June.
The bank cites easing geopolitical tensions in the Middle East and an improving global economic outlook as key factors behind the price moderation. More significantly, Citi predicts a longer-term bearish trend, forecasting gold to retreat to $2,500-$2,700 by the second half of 2026 as the current market deficit peaks and investment demand weakens. The bank is advising gold producers to hedge against potential downside risks at current price levels.
