Citi forecasts a potential 25% surge in gold over the forthcoming 18 months, citing escalating Middle East tensions and anticipated Federal Reserve easing as pivotal factors propelling the precious metal. Citi research forecasts a surge in yellow metal during the second half of 2024, with gold projected to reach $2,500 per ounce.
However, there may be a temporary pullback in prices before the end of the second quarter, it said.
Appreciation to Citi for the insightful alert.
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