Citi Sees Gold at $3,500 as Americans Boost Holdings

Citi has reaffirmed its short-term gold price target at $3,500 per ounce, citing rising tariffs and geopolitical risks as key drivers.

The bank has raised its gold price estimate from $3,000–$3,300 to a range of $3,100–$3,500, even as it maintains a cautious long-term outlook.

Citi predicts gold prices will consolidate and stabilize in the second half of 2025 as trade tensions ease and the Federal Reserve adjusts its policies.

Meanwhile, short-term targets for palladium and platinum remain at $1,050 and $900 per ounce, respectively.