Citi Research has increased its 3-month gold price target from $3,000 to $3,200 per ounce, driven by strong demand from official sectors and exchange-traded funds.
Their bullish outlook suggests gold could reach $3,500 per ounce by year-end if investors seek protection against potential US economic stagflation or a hard landing.
Original Source: Yahoo Finance
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Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments, including precious metals, involve risk and may result in partial or total loss. No conclusion of any type or kind should be drawn regarding the future performance of investments offered or managed by us based upon the information presented herein. Performance information presented has been prepared internally (unless otherwise noted) and has not been audited or verified by a third party. Information on this page is based on information available to us as of the date of posting and we do not represent that it is accurate, complete or up to date. See our complete disclaimers for additional details.
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