Citi hikes gold price target for next 3 months to $3,200 per ounce

Gold rally gains momentum as Citi lifts target to $3,200

Robert Besser
23 Mar 2025, 14:58 GMT+10

Citi hikes gold price target for next 3 months to $3,200 per ounce

Gold’s record-breaking rally is expected to continue, with Citi Research increasing its three-month price target to $3,200 per ounce, up from its previous forecast of $3,000
The revision reflects strong demand from central banks and rising interest in gold-backed exchange-traded funds (ETFs), the firm said in a note this week
Analysts at Citi also outlined a bullish scenario in which gold could climb even higher

NEW YORK CITY, New York: Gold's record-breaking rally is expected to continue, with Citi Research increasing its three-month price target to $3,200 per ounce, up from its previous forecast of $3,000.

The revision reflects strong demand from central banks and rising interest in gold-backed exchange-traded funds (ETFs), the firm said in a note this week.

Analysts at Citi also outlined a bullish scenario in which gold could climb even higher.

"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 U.S. hard landing/stagflation," the note stated.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Birmingham News.

More Information

null in null

Business

Section

Stanstead-Derby Line free passage halted as US tightens rules

US ends century-old border pass for Quebec-Vermont library visitors

STANSTEAD, Quebec: U.S. authorities have decided to end a long-standing unwritten rule that allowed people from Stanstead, Quebec,...

Wall Street closes down, AI investors feel the heat

AI stocks lead U.S. equity markets sharply lower

NEW YOKK, New York - U.S. stocks fell sharply Wednesday with tech stocks, mainly those associated with AI, taking the brunt of the...

Canada moves to cut trade barriers as US tariff threat grows

Canada aims for free internal trade to offset US tariffs, Carney says

TORONTO, Canada: As the threat of U.S. tariffs looms, Canada is looking inward to strengthen its economy by removing domestic trade...

Ticketing platform StubHub to float IPO

Ticketing platform StubHub plans to become public company with IPO

NEW YORK CITY, New York: StubHub is getting ready to hit the trading floor. The popular ticketing platform has officially filed to...

Wall Street on edge but major indices notch up marginal gains

Dow Jones rises 4 points in lackluster day for U.S. stocks

NEW YORK, New York - The rally in U.S. stocks petered out Tuesday, however tech stocks made a modest gains, while the industrials edged...

Canada’s carbon tax faces pushback from politicians, oil industry

Canadian opposition, oil CEOs call to end federal carbon price system

CALGARY, Canada: Canada's carbon pricing policy, long a central pillar of its climate strategy, is facing mounting pressure as political...

United Kingdom

Section

Gold rally gains momentum as Citi lifts target to $3,200

Watch latest videos

News RELEASES

Business

Stanstead-Derby Line free passage halted as US tightens rules

Wall Street closes down, AI investors feel the heat

Canada moves to cut trade barriers as US tariff threat grows

Ticketing platform StubHub to float IPO

Wall Street on edge but major indices notch up marginal gains

Canada’s carbon tax faces pushback from politicians, oil industry

United Kingdom

US Rep Marjorie Taylor Greene tells British reporter to 'Go Back' amid question on Yemen attack plans leak

BRITAIN-LONDON-CHANCELLOR OF THE EXCHEQUER-GDP GROWTH FORECAST

John Krasinski to star in Off-Broadway play 'Angry Alan'

Watch Adolescence star Owen Cooper's audition tape for hit Netflix show

Phil Jones to be in Chennai as part of the finals of Road to Old Trafford initiative

Trump declassifies FBI files on Russia probe

Movie Review

Gotcha! [Blu-Ray]