Published by Global Banking & Finance Review®
Posted on March 20, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleCiti Research raises its gold price target to $3,200 per ounce, citing robust demand and potential economic concerns.
(Reuters) - Citi Research on Thursday raised its gold price target for the next three months to $3,200 per ounce from $3,000, citing robust official sector demand and higher exchange-traded-fund demand.
"In our bull case, we see gold prices reaching $3,500 per ounce by year-end, underpinned by much higher hedging/investment demand on fears of US hard landing/stagflation," analysts at Citi said in a note.
(Reporting by Brijesh Patel in Bengaluru)
The main topic is Citi Research's increased gold price target to $3,200 per ounce due to strong demand.
Citi raised the target due to robust official sector demand and higher ETF demand.
Citi's bull case sees gold prices reaching $3,500 per ounce by year-end.
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