Citibank expects gold prices may fall to $3,500 per ounce by September

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