Reported about 10 hours ago
Citi anticipates that gold prices will stabilize between $3,100 and $3,500 per ounce in the third quarter of 2025, citing geopolitical easing in the Middle East and a positive global growth outlook as key factors. The bank noted a significant price drop of over $100 per ounce since revising its short-term price target downward to $3,300. They predict that the gold market deficit will peak in Q3 before a predicted decline in demand drives prices down to $2,500 to $2,700 per ounce by late 2026, advising gold producers to hedge against potential price drops.
Source: YAHOO