💨 Abstract
Citi Research increased its gold price target to $3,200 per ounce for the next three months, attributing the rise to increased official sector demand and ETF demand. In a bullish scenario, the analysts predict gold prices could reach $3,500 per ounce by year-end, driven by higher hedging and investment demand due to fears of a US hard landing or stagflation.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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