2023-07-20 09:03:00
© Archyde.com. Citigroup expects gold prices to reach $2150 at this time!
Arabictrader.com – Citigroup (NYSE:) expected metal prices to rise sharply during the coming period, after the slowdown in US inflation for the month of June, which reinforced expectations about the approaching end of tightening monetary policy.
As a result, Citigroup analysts see it as likely to rise to $2,150 an ounce in the first half of next year.
Also, Citi experts indicated that the average price of gold may reach $ 1957 an ounce in 2023, with an average of $ 2024 next year.
It should be noted that the New Zealand and Australian group ANZ issued its forecast for gold prices at the end of this year, as experts saw that gold may reach the level of 2100 an ounce by the end of 2023.
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