dChan - Q Origins Project Archive

Bullion Bank Leads Team $3,000+

CITI’s new Gold report published February 6th makes a straightforward case: Gold’s rally is being driven by physical demand, not speculation. The bank has hinted at this before in August 2024. It was also about this time other major Bullion Banks unveiled their own new physical demand-skewed models for valuing Gold. In this way, Citi, BOA, and Goldman have been ahead of the curve in sharing their methodology with investing clients

This change in risk metrics was significant as it acknowledged China/BRICS demand and set the table for price-target upgrades regardless of what the Dollar or interest rates did. And that is exactly what we got. Gold and Silver rose dissuaded neither by Dollar strength nor higher rates since those reports in August.

Citi Says More Upside is Coming

As of two days ago, with Citi (and UBS) raising their targets, every major bullion bank has raised its price target to $3,000 now. Two of them, BOA (and today) Citi have raised their soft targets even higher With this latest analysis, Citi joins the $3,000 short term club and describes more specifically the rationale for potentially even higher prices.

Here’s a breakdown of that new report

Bottom Line: Target Raised

Central banks are buying at record levels, investment demand is absorbing nearly all new supply, and concerns over de-dollarization are keeping gold in focus. The report outlines why these trends are likely to continue while also highlighting potential risks from trade policy, interest rates, and economic shifts.

https://www.zerohedge.com/news/2025-02-10/gold-makes-new-ath-citi-raises-price-target-3300