Citibank lowered its 0–3 month gold target to $3,800 and silver to $42, citing reduced geopolitical risk, profit-taking, and U.S. government shutdown expectations.
Citibank reduced its short-term gold forecast from $4,000 to $3,800 per ounce, with key support at $3,600, and cut silver projections from $55 to $42 per ounce. The bank attributed the downgrades to easing geopolitical tensions, profit-taking pressures, and anticipated U.S. government shutdown impacts, while reiterating gold’s value as a long-term hedge asset.