"Gold's Potential to Reach $3,000 Sparks Investor Interest, Says Citi"
TL;DR Summary
Gold prices have surged to record highs amid escalating Middle East tensions, with Citi projecting a potential rise to $3,000 per ounce over the next 6-18 months. The safe-haven appeal of gold has been bolstered by geopolitical heat and record equity index levels, with analysts remaining bullish on its outlook due to continued physical demand and its appeal as a geopolitical hedge. Goldman Sachs has also revised its price target for gold upward to $2,700 per ounce by the end of the year.
- Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi CNBC
- Gold to 'shine bright like a diamond,' hit $3,000 within months, says Citigroup MarketWatch
- Gold Seen Hitting $3,000 at Citi on Investor Inflows and Fed Expectations Bloomberg
- Precious metals buyer cashes in on Costco's gold bar rush: 'I consider this savings' Fox Business
- Gold Pushes Toward Fresh Record as Tensions Rise in Middle East Yahoo Finance
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