Citi says its 3-month price target for gold and silver is now USD 5000/oz and USD 100/oz respectively
Newsquawk Staff ·
Citi says its 3-month price target for gold and silver is now USD 5000/oz and USD 100/oz respectively.
What it means
Citi's bullish three-month price targets for gold and silver suggest a significant upside that could reshape market sentiment towards these metals. Such an optimistic forecast might indicate expectations of heightened inflation or geopolitical instability, which typically drive demand for safe-haven assets. Traders should monitor how these targets influence positioning in commodities markets and related currencies, particularly in light of any shifting macroeconomic conditions.
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