Investing.com: Gold prices likely to reach as high as $3,000/oz over the next 12 months: Citi

Gold prices could surge up to $3,000 over the next 12 months, Citi analysts said, as a combination of strong physical demand, central bank purchases, and macroeconomic factors continue to support a bullish outlook for the yellow metal.

“The gold price path is unlikely to be linear, but average prices should trend higher in 2H’24 and 2025,” Citi analysts wrote in a note.

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