Citigroup and BofA Bullish on Gold: Analysts Predict 25% Surge to $3,000 Citigroup and Bank of America have issued bullish forecasts for gold prices, predicting they could reach $3,000 per ounce within the next year. This optimistic outlook is driven by expectations of increased investor inflows and anticipation of the Federal Reserve cutting interest rates. Citigroup analysts, led by Aakash Doshi, have revised their 2024 average price prediction to $2,350 and significantly increased their 2025 forecast to $2,875. They expect gold to frequently challenge and surpass the $2,500 mark in the second half of this year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Tops $2,300 — Silver Reaches $27 READ MORE Japan's May Wholesale Inflation Surges, Challenging BOJ Rate Hike Plans READ MORE U.S. Shoppers Defy Expectations: July Retail Sales Exceed Forecasts READ MORE Fed's Harker Leans Towards Modest 25bp Rate Cut to Start Easing Cycle READ MORE Historic $72 Million Coin Auction Set a Century After Magnate's Will READ MORE Add a Comment Cancel replyYour email address will not be published.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