Citigroup's latest statement indicates that it has raised the price ta

Published: Apr 7, 2024 08:38

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Citigroup's latest statement indicates that it has raised the price targets for gold and silver in the 0-3 month period by 9% and 16% respectively, to $2400 and $28 per ounce; increased the upper limit of the price targets for gold and silver in the 6-12 month bullish scenario to $3000 and $32 per ounce respectively; in the bullish scenario, it is believed that the average price of gold in the second half of the year could reach close to $2500 per ounce, and the possibility of silver reaching an average price of $30 per ounce is increasing.

As of 04:55 on April 6th, London gold spot closed up 1.63% at $2328.14 per ounce, hitting a new record high of $2330.36 per ounce intraday. London silver spot closed up 2.01% at $27.43 per ounce.

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