Citibank expects gold to rise to this level! by Arab Trader

2023-06-08 10:39:00

© Archyde.com. Citibank expects gold to rise to this level!

Arabictrader.com – In a note published by the US investment bank Citi Bank on Thursday, analysts indicated that they expect more declines, before the yellow metal rebounds after that and climbs to the level of 2,200 US an ounce.

In addition, Citibank’s memorandum addressed the following points:

• The bank’s analysts set their target for the price of gold in the short term within 0-3 months to the level of $1,915 an ounce, after their previous target for gold prices was at the level of $2,100 an ounce.
• It is expected to reach $2,200 an ounce by the end of 2023 or during the first half of 2024.
• Gold prices for the whole of 2024 could average over $2,000 an ounce

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