11:57 - 25.08.2026

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August 25, Fineko/abc.az. Financial giant Citigroup has raised its three-month gold price target to $4,800 per ounce. Citi analysts noted that while the recent speculative momentum has further room to run, physical demand needs to catch up for the rally to be sustained over time.

Citing expectations of an eventual resolution to tension in the Strait of Hormuz, declining real interest rates, and a less hawkish stance from the Federal Reserve, Citi kept its 6-to-12-month target unchanged at $5,000 per ounce. Meanwhile, Bloomberg Intelligence projects gold will test the $5,000 threshold by early to mid-2027.

Market Drivers and Recent Performance:

• Price Surge: Reignited concerns over US fiscal policy and a weaker dollar pushed gold up by nearly 1% intraday to roughly $4,700 per ounce, marking its highest level in over three months.

• Treasury Impact: Gold gained more than 7% last week following the US Treasury’s step to scale up buybacks of long-term government bonds.

• Silver Movement: Riding the broader precious metals rally, silver also advanced, approaching $70 per ounce.