Gold Price Outlook: Citi's Neutral Stance, Wall Street Bullish

Gold hit its all-time high of $5,405 per ounce back in January 2026, then pulled back

about 15 percent to around $4,612.

That's thanks to the Iran War's sparking inflation fears and bets on higher rate hikes

but is still up 42 percent from a year ago.

City just raised their three-month price target to $5,000 per ounce, pointing to geopolitical

risks, physical shortages, and doubts on.

Fed independence.

Short-term, they're constructive, but for the next six to 12 months, they're neutral

to bearish, expecting gold to struggle pushing much higher.

Most of Wall Street stays way more bullish, with JPMorgan eyeing $6,300 by end of 2026,

Deutsche Bank at 6,000, and Goldman Sachs around 5,400, with upside.

City's base case, with 50 percent odds, sees gold grinding down to the mid-3000s as the

economy stabilizes and safe-haven demand fades.

Meanwhile, first-quarter demand hit record value at 1,231 tons, worth $193 billion, with

bars and coins of 42 percent.

Pressures like ETF outflows and sticky inflation could cap gains, but China added five tons

in March, polling plans 150 more, and technicals held at the 200-day average.

These call boils down to sellativity macro hedges, still make sense, but without fresh

catalysts intensifying risks, that bull run might pause before, chasing new highs.

Investors who jumped in early should weigh adding at these levels.

That's the story for today.

Durham News Today, driven by AI, I'm Corey with The Story.