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Learn about Citi Bank's gold price forecast
Experts at Citi Bank have revised their expectations for gold prices during the coming period, as experts at the bank believe that it is likely that the price of an ounce of gold will rise from levels of $ 2,100 an ounce to levels of $ 2,300 an ounce during the next 6 to 12 months.
Experts at the bank indicated that many contracts were made when gold rose to the highest levels of $ 2000 an ounce, or specifically between levels of 2050 or $ 2100 an ounce. Thus, we will keep our expectations for the yellow metal prices at $ 2100 in the short term. While it may rise to levels of $ 2,300 in the medium and long term.
Experts emphasized that the weak risk appetite, the falling dollar, and the low yield on bonds are among many factors pushing the rise in gold prices during the coming period, which would push gold prices to new record levels that could reach $ 2,400 an ounce.
