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 Federal Reserve's Anticipated Moves and Corporate Earnings Drive Market Watch READ MORE The Declining Yen: A Look into Its Battle Against the Dollar READ MORE Cryptocurrency Market Climbs Over $2 Trillion, Led by Bitcoin READ MORE Fed's Favored Inflation Measure May Show Softer Rise Than CPI Suggests READ MORE S&P 500 Nears Worst Month in Over a Year as Rising Yields Signal Inflation Concerns READ MORE Add a Comment Cancel replyYour email address will not be published.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