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 Trump's Potential Return: Morgan Stanley Predicts Interest Rate Shakeup READ MORE Nobel Economists Unite: Trump's Policies Could Trigger Inflation Surge READ MORE Bonds Rally on Fed Rate-Cut Expectations READ MORE Gold Drops to 2-Week Low READ MORE Summer Oil Spike Looms, Morgan Stanley Strategist Alerts READ MORE Add a Comment Cancel replyYour email address will not be published.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