The U.S.-based investment bank Citi has raised its gold forecast.

The U.S.-based investment bank Citi has raised its gold forecast.

18.04.2025 12:10

One of the leading investment banks in the U.S., Citi, has raised its gold forecast. The bank emphasized that there is a physical supply deficit in the market, stating that this situation has triggered the rise, and it has adjusted its three-month gold price forecast to $3,500 per ounce.

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The precious metal gold is breaking records one after another. The tense environment caused by global trade wars is accelerating investors' shift towards gold, while the intense demand from central banks is testing peak levels. In this environment, Citi, one of the leading investment banks in the U.S., has raised its gold forecast. The bank emphasized that there is a physical supply shortage in the market, stating that this situation has triggered the rise, and changed its three-month gold forecast to $3,500 per ounce.



UNCERTAINTY IN GLOBAL MARKETS IS BENEFITING GOLD



The U.S.-based investment bank Citi has updated its forecast for gold. The Citi bank has raised its three-month gold target from $3,200 to $3,500. Citi emphasized that the increasing purchases by Chinese insurance companies and the uncertainties in global markets are boosting the demand for gold, which is considered a safe haven. In its published analysis, the bank stated, "A rare physical supply shortage is occurring in the gold market. This situation is causing prices to remain under upward pressure, as current stockholders need to sell for the market to balance."



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