Citi Analysts Eye $3,000 Mark for Gold Gold prices have surged to near-record highs, bolstered by increased safe-haven demand amidst escalating tensions in the Middle East. Following Iran’s attack on Israel, involving over 300 drones and missiles, the demand for gold has intensified, with the June futures contract closing at a record $2,383 per ounce. Analysts, including those from Citi, predict that gold could potentially reach $3,000 if the geopolitical situation worsens, leading to further market instability. Market analyst Bartosz Sawicki anticipates that any significant retaliation by Israel could not only escalate the conflict but also drive further increases in gold prices, alongside rises in oil prices and the U.S. dollar. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Goldman’s $2,175 Target READ MORE U.S. Jobless Claims Hold Steady, Suggesting Strong Labor Market READ MORE Rising Gold Prices Could Push India's Demand to Lowest in Four Years, Says WGC READ MORE Mortgage Demand Rises as Interest Rates Dip Below 7% READ MORE Schroders Investment Insights: The Case for Gold in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment