Citi maintains its gold price targets at USD 4,300/oz for 0-3 months, and USD 5,000/oz for 6-12 months; adds that selling pressure on gold could remain strong in the very near term due to Middle East uncertainty

Citi's decision to maintain its gold price targets suggests confidence in the longer-term outlook for gold, reinforcing the view that it could rise significantly beyond current levels. However, the note about short-term selling pressure due to Middle East uncertainties indicates a potentially volatile near-term environment for gold prices, which could impact trading strategies and hedging decisions.