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Citi Boosts Gold Target to $4,800 as Fed Policy Eases

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Citi Research raised its 3-month gold price target to $4,800 from $4,500/oz, maintaining a 6-12 month target of $5,000.
  • Bullish catalysts include lower U.S.
  • real rates and a less hawkish Fed, despite potential short-term volatility surrounding the Jackson Hole symposium.
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XAUUSD price history

4325.00 -9.13% over the displayed period

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