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 Gold Breaks Election Year Norms Amid Heightened Global Tensions READ MORE Incrementum: Monthly Gold Compass February 2024 READ MORE Oxford: Recession Fears Ease as US Economy Shows Signs of Stabilization READ MORE The Dark Side of Economic Anxiety: Gen Z's Growing Tolerance for Digital Deception READ MORE Gold, Silver & Bitcoin: Monthly Wrap with Alan Hibbard READ MORE Add a Comment Cancel replyYour email address will not be published.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