Gold Bull Market Expected to Persist Amid Economic Concerns

According to BlockBeats, analysts from Citi Research have indicated that the gold bull market is likely to continue in the short term. They highlighted that cyclical factors, such as the ongoing weakness in the U.S. labor market, along with structural concerns, including apprehensions about the Federal Reserve's independence, are expected to favor gold in the near future. The analysts noted that nearly all factors currently support the gold bull market. Previously, Citi set a target price for gold at $3,800 per ounce over the next three months.