Reported 8 months ago
According to a report from Citigroup and Bank of America, they both expect the price of gold to reach $3,000 per ounce next year, with about 30% of financial advisors planning to increase their holdings in gold by the end of the year. Factors such as strong physical gold demand, continuous central bank buying, and macroeconomic conditions are cited as reasons for the bullish outlook on gold prices. The report suggests that although there may be corrections in the upward trend, the average price in the second half of this year and next year will continue to rise, with Citigroup estimating a test of new highs in the second half of this year and a potential rise to $3,000 next year.
Source: YAHOO