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
$1.63 |
Change
0.035(2.20%) |
Mkt cap ! $1.760B | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.63 | $1.60 | $4.631M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8112 | $1.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 63690 | 6 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| GOR (ASX) Chart |