Citigroup Turns More Bullish on Precious Metals in the Short Term
Citigroup has revised its short-term outlook for precious metals upward, citing growing global uncertainties. Under its 0–3 month base-case scenario, the bank now sees gold reaching $5,000 per ounce, while silver is forecast at $100 per ounce.
According to Citi, rising geopolitical risks, physical supply constraints, and renewed uncertainty surrounding the independence of the US Federal Reserve have strengthened the investment case for precious metals in the near term.
Citi Lifts 3-Month Targets Sharply
As reported by Bloomberg News, the bank increased its gold price target for the 0–3 month period from $4,200 to $5,000 per ounce, while raising its silver forecast from $62 to $100 per ounce.
The outlook was shared with investors in a note prepared by a Citi team that includes analyst Max Layton. In the note, the bank emphasized that investment momentum remains strong, adding that multiple bullish drivers are likely to stay in play throughout the first quarter.
Medium-Term Outlook More Cautious
In its base-case scenario, Citigroup also noted that a potential easing of geopolitical tensions later in the year—particularly around Venezuela, Iran, and Ukraine—could weigh on safe-haven demand, especially for gold.
Looking further ahead, Citi’s 6–12 month forecasts stand at $4,000 per ounce for gold and $70 per ounce for silver, reflecting expectations of more balanced market conditions over the medium term.
Keywords: #Citigroup #GoldPrice #SilverPrice #PreciousMetals #MarketForecast #SafeHavenAssets #BloombergNews
