Citi Maintains $3,000 Gold Price Target Citi analysts project a rebound in physical gold demand for the latter half of 2024, despite a slight softening in the second quarter. They maintain a bullish outlook with a $3,000 price target, expecting spot prices to average between $2,400-$2,600 per ounce in H2 2024. This optimism is fueled by anticipated record Chinese gold imports, stable official sector demand, and potential increases in central bank purchases. The analysts also predict improved gold ETF inflows as the Federal Reserve begins its rate-cutting cycle. These factors combined suggest a strong upward trajectory for gold prices, with Chinese retail imports potentially representing 47% of world gold mine output in 2024. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts A Close Above $2,078/oz Sets a Record High Closing Price for Gold READ MORE Gold Hits New Highs with Strong COMEX Positioning and ETF Inflows READ MORE Powell to Defend Fed's 'Higher-for-Longer' Rate Policy in Congressional Testimony READ MORE August Jobs Data: Key to Fed's September Rate Decision READ MORE Thursday's PCE Price Index Release to Shine a Spotlight on Inflation Trends READ MORE Add a Comment Cancel replyYour email address will not be published.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