Mumbai, 05 Apr 2024 (Commoditiescontrol): Citi Research has released a bullish outlook for gold and silver markets, predicting a substantial rise in prices for the second half of 2024.
Analysts at Citi have increased their 0-3 month price targets for gold by 9% to $2,400 per ounce and for silver by 16% to $28 per ounce. They have also adjusted their 6-12 month topside targets to reflect potential bull-case scenarios, setting a potential price of $3,000 per ounce for gold and $32 per ounce for silver.
Citi Research sees an increased probability of gold markets averaging near its bull-case scenario of $2,500 per ounce for the second half of 2024. They also predict silver could push towards $30 per ounce.
This optimistic forecast highlights the potential for significant gains in the precious metals market in the coming months. Investors and market watchers will be closely monitoring these trends as the year progresses.
(By Commoditiescontrol Bureau; +91-9820130172)
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