Citi predicts gold prices stabilizing around $3,100-$3,500 due to geopolitical calm and improved global growth

From Yahoo Finance: 2025-06-30 11:51:00

Citi predicts gold prices to stabilize around $3,100 to $3,500 per ounce in the third quarter due to geopolitical calm and improved global growth. The bank suggests that the market has already hit its peak in late April at $3,500 per ounce. Gold prices have since fallen by over $100 per ounce, following Citi’s revised target of $3,300 per ounce. The bank anticipates a peak in the gold market deficit during the third quarter, leading to a weakening market driven by lower investment demand. Citi forecasts gold prices to drop to $2,500 to $2,700 per ounce by the second half of 2026, advising gold producers to secure insurance against potential price declines.



Read more at Yahoo Finance: Citi expects gold price to consolidate around $3,100-$3,500 in third quarter