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Citi hikes gold price target for next 3 months to $3,200 per ounce

Published by Global Banking & Finance Review

Posted on March 20, 2025

1 min read

· Last updated: January 24, 2026

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Citi hikes gold price target for next 3 months to $3,200 per ounce
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Citi Increases Gold Price Target to $3,200 for Upcoming Months

(Reuters) - Citi Research on Thursday raised its gold price target for the next three months to $3,200 per ounce from $3,000, citing robust official sector demand and higher exchange-traded-fund demand.

"In our bull case, we see gold prices reaching $3,500 per ounce by year-end, underpinned by much higher hedging/investment demand on fears of US hard landing/stagflation," analysts at Citi said in a note.

(Reporting by Brijesh Patel in Bengaluru)

Key Takeaways

  • Citi raises gold price target to $3,200 per ounce.
  • Increase driven by strong official sector demand.
  • Higher exchange-traded-fund demand noted.
  • Potential for $3,500 per ounce by year-end.
  • Concerns over US economic conditions influence demand.

Frequently Asked Questions

What is the main topic?
The main topic is Citi Research's increased gold price target to $3,200 per ounce due to strong demand.
Why did Citi raise the gold price target?
Citi raised the target due to robust official sector demand and higher ETF demand.
What is the potential year-end gold price?
Citi's bull case sees gold prices reaching $3,500 per ounce by year-end.

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