According to one source, ASX broker Citi has raised its three-month gold price forecast to US$2,400 an ounce. If realised, that would see the yellow metal rise another 9% or so from where it is today.
Citi is also reportedly contemplating a "bullish wildcard scenario" of gold hitting US$3,000 an ounce over the next 12 months. Citi is basing these gold price predictions primarily on the likelihood that the US Federal Reserve will start cutting interest rates in 2024.
https://www.********.au/2024/04/08/why-one-broker-thinks-the-gold-price-could-glisten-9-brighter/
