Citigroup expects gold prices could fall to $3,500 per ounce by September

Odaily reported that Citigroup expects if the Strait of Hormuz disruption continues into this summer, global gold buying demand could further contract, and gold prices may fall to $3,500 per ounce by September. Currently, Citigroup has lowered its three-month gold price target from $4,300 per ounce to $4,000 per ounce. (Jinshi)