š«“CITIGROUP CUTS GOLD PRICE FORECAST, SEES PRICES STABILIZING AT CURRENT LEVELS
Citigroup has revised its gold price outlook for the upcoming three months, now projecting a target of $3,150 per ounceālower than its earlier forecast. This adjustment suggests the bank anticipates gold prices will consolidate after recent advances.
Analysts at the American bank currently expect gold prices to fluctuate between $3,000 and $3,300 per ounce in the short term. Previously, Citigroupās forecast called for gold to reach $3,500 per ounce within the next three months.