Reported 8 months ago
Both Citigroup and Bank of America expect gold prices to reach $3,000 next year, with around 30% of financial advisors planning to increase their gold holdings before the end of next year. Current gold prices hover around $2,336 per ounce, leaving room for nearly a 30% increase. Factors such as strong physical gold demand, increasing gold reserves by central banks, and macroeconomic conditions support the upward trend of gold prices. Despite potential setbacks, gold prices are expected to continue rising in the second half of this year and next year, ultimately reaching $3,000.
Source: YAHOO