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<Commodity>Citi Raises 3-mth Targets for Gold/ Silver Prices, Maintains ST Technical Bullish Outlook
After gold/ silver prices reached its bullish forecast targets of US$3,800/ US$45 per ounce each, Citi Research issued a research report raising its 3-month targets for gold/ silve...
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<Commodity>Citi Raises 3-mth Targets for Gold/ Silver Prices, Maintains ST Technical Bullish Outlook
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After gold/ silver prices reached its bullish forecast targets of US$3,800/ US$45 per ounce each, Citi Research issued a research report raising its 3-month targets for gold/ silver prices to US$4,000/ US$55 per ounce. The larger upward adjustment for silver reflects its relative value upside potential as gold prices rise to US$4,000 per ounce.

The broker suggested maintaining a short-term technical bullish outlook as cyclical and structural tailwinds persist. Citi Research also noted that the court ruling on US President Donald Trump's dismissal of Fed Governor Lisa Cook and tariff issues are key catalysts to watch.

Related NewsPersonal Income MoM for Aug in United States is 0.4%, unchanged from its last period. The forecast was 0.3%.

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