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2024-10-22 09:11:55
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yahoo.com on Nostr: Summary of Citi stays bullish on gold, hikes price 3-month outlook to $2,800 per ...

Summary of Citi stays bullish on gold, hikes price 3-month outlook to $2,800 per ounce
https://media.zenfs.com/en/reuters-finance.com/21bb8bf0f4eafe691c52ff32eae10474


The source article:
Citi stays bullish on gold, hikes price 3-month outlook to $2,800 per ounce
https://media.zenfs.com/en/reuters-finance.com/21bb8bf0f4eafe691c52ff32eae10474



https://finance.yahoo.com/news/citi-stays-bullish-gold-hikes-212445537.html

Citi Research has upgraded its three-month gold price view to $2,800 per ounce from $2,700 previously, citing possible further U.S. labor market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF buying. The bank also revised its 6 to 12-month forecast for silver prices upward to $40 per ounce from $38 per ounce. Additionally, Citi remains neutral-bullish on platinum and leans bearish on palladium.
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