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
$1.73 |
Change
0.060(3.59%) |
Mkt cap ! $1.874B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.78 | $1.71 | $25.98M | 15.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40541 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 46799 | 3 |
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| GOR (ASX) Chart |