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Prospects for Gold Prices by Major Institutions

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2024-04-08 03:56:30

1 Citigroup: The expected gold price for 0-3 months is $2400, and the expected gold price for 6-12 months is $3000. In a bullish scenario, the average gold price in the second half of the year is $2500 per ounce2 Shengbao Bank: Due to favorable factors such as expected interest rate cuts and the prospect of the central bank resuming buying, gold prices may reach $2500 per ounce later this year3 Dongwu Securities: The gold bull market is not over, but the sustainability of the rise is facing a test. Referring to the historical experience of gold breaking below $1000/ounce in 2009, $2400 may be an important resistance level4 Bank of America: With the Federal Reserve starting to cut interest rates and investors buying gold in large quantities, there is still room for further gold appreciation, maintaining the target of $2400 per ounce for gold this year5 ANZ Bank: If there are no new fundamental factors to support gold prices in the second quarter, a pullback seems likely to occur. Our year-end target price remains at $2300
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