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<Research>Citi Lifts Gold Price Target to USD3.5K per Ounce, But Remains Cautious over LT
Citi has issued a report raising its 0-3 month gold price target to USD3,500 per ounce against the backdrop of the US recently threatening to slap an additional 50% tariff on the E...
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<Research>Citi Lifts Gold Price Target to USD3.5K per Ounce, But Remains Cautious over LT
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Citi has issued a report raising its 0-3 month gold price target to USD3,500 per ounce against the backdrop of the US recently threatening to slap an additional 50% tariff on the EU starting in June, though it would stay cautious over the long term. In addition, the rally in platinum group metals (PGM) may exceed what fundamentals support.

Looking ahead to 2H25, Citi anticipated gold prices to consolidate around current levels, as the world digests the impact of US tariff policies, geopolitical risks remain elevated, budget concerns are mounting, and the economies of China and India remain resilient. The broker also estimated strong range-trading opportunities between USD3,100 and USD3,500 per ounce.

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