Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi
Publishing timestamp: 2024-04-16 00:56:59
Summary
Gold prices continue to rally due to Middle East tensions, reaching record highs. Demand for safe-haven assets like gold is growing, with analysts predicting further increases in price. Factors such as geopolitical tensions, central bank actions, and expectations of rate cuts by the Federal Reserve are driving the bullish outlook for gold. Analysts project gold prices to reach $3000 per ounce in the next 6-18 months.
Sentiment: POSITIVE
Keywords: business news, citi trends inc, gold / us dollar spot, commodity markets, iran, israel,