Citi said its base case shows India’s gold imports will remain weak in the third quarter, even though the third quarter is historically a seasonal stocking season. According to Jin10, the bank still set its 0- to 3-month short-term gold target at $4,500.
The bank said the target assumes easing tensions in the Strait of Hormuz and a less hawkish Federal Reserve; it also said short-term risks remain, including a major re-escalation, AI-driven de-risking, and a continued hawkish stance from the Fed.
PRECIOUS METALS | Citi Sees Short-Term Gold Target at $4,500
2026-07-28 03:37:19
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