Citi Raises Gold Price Target to $3,800 as Bull Market Extends

Key Takeaways:Citigroup expects the gold bull market to persist in the short term.The bank raised its three-month gold price target to $3,800/oz, up from $3,600.Safe-haven demand and central bank buying continue to support momentum.According to TechFlow, Citigroup analysts project that the gold bull market will remain intact in the near term. The bank raised its three-month price target for gold to $3,800 per ounce, up from its previous forecast of $3,600.Citi noted that persistent safe-haven demand, alongside central bank accumulation and ongoing macroeconomic uncertainty, are key drivers sustaining upward momentum in the precious metal.Gold prices have surged in 2025 as investors hedge against currency risk, global economic volatility, and potential shifts in Federal Reserve monetary policy.