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Citi Research Predicts Gold Price Surge to $3,500

4/20/2025

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Summary

Story summary

Citi Research has set a bold new gold price target of $3,500 per ounce, driven by soaring demand from Chinese insurers and central banks amid market turbulence. Notably, China's gold ETF inflows have outpaced those of the U.S., highlighting robust private interest. Meanwhile, India's Reserve Bank has significantly boosted its gold reserves, mirroring a global shift towards gold as a vital strategic asset.

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Story summary

Citi Research has set a bold new gold price target of $3,500 per ounce, driven by soaring demand from Chinese insurers and central banks amid market turbulence. Notably, China's gold ETF inflows have outpaced those of the U.S., highlighting robust private interest. Meanwhile, India's Reserve Bank has significantly boosted its gold reserves, mirroring a global shift towards gold as a vital strategic asset.