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 ING: Gold’s Hot Run Continues READ MORE Evergrande's Liquidation: A Significant Turn in China's Property Crisis READ MORE Cryptocurrency Market Climbs Over $2 Trillion, Led by Bitcoin READ MORE US Jobless Claims Decline Again, Signaling Labor Market Strength READ MORE Inflation Drives Tourists and Locals from Turkish Resorts to Greece READ MORE Add a Comment Cancel replyYour email address will not be published.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