Gold prices could surge up to $3,000 over the next 12 months, Citi analysts said, as a combination of strong physical demand, central bank purchases, and macroeconomic factors continue to support a bullish outlook for the yellow metal.
“The gold price path is unlikely to be linear, but average prices should trend higher in 2H’24 and 2025,” Citi analysts wrote in a note.“We see the market supported well above $2,000-2,200/oz and regularly testing nominal ATHs into end-2024,” before surging to $3,000 in 2025, the firm added.
$2 dollar club, page-362
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Last
$1.80 |
Change
-0.035(1.91%) |
Mkt cap ! $1.944B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.81 | $1.78 | $6.212M | 3.620M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 60460 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 44172 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| GOR (ASX) Chart |