Published: 07-03-2025, 03:44 pm | Updated: 07-04-2025, 09:41 am
Two major Wall Street banks have dramatically different predictions for gold prices.
Citigroup expects gold to crash 25% to $2,500, while JPMorgan forecasts a 20% surge to $4,000. The key disagreement centers on Chinese insurance companies’ new ability to invest in gold – Citi sees this as temporary support masking weakness, while JPMorgan views it as the start of broader institutional adoption. The $3,320 price level being tested now could determine which bank is right.
Both banks might be correct on different timelines: range-bound trading around $3,100-$3,500 in 2025 (Citi’s view), followed by a potential breakout toward $4,000 in 2026 if recession risks materialize (JPMorgan’s scenario).





