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Citi expects gold prices to stabilize at $3,100–$3,500 in Q3 2025
According to Citi's forecast, gold prices will stabilize between $3,100 and $3,500 per ounce in the third quarter of this year. Recently, the precious metal has been declining due to easing Middle East tensions and improving global economic growth prospects.
As Citi notes, since the previous downward revision of its gold price target from $3,500 to $3,300 per ounce in its three-month outlook, the precious metal's price has declined by over $100 per ounce.
The bank projects the gold market deficit will peak precisely in the third quarter. Then investment demand for the asset will decline. Citi analysts forecast that gold prices will drop to $2,500–$2,700 per ounce in the second half of 2026.
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