Gold prices to remain up, reaching $3,000/oz in near-term, says Citi
1. Global banks predict sustained gold price increases, targeting $3,000 by 2025. 2. Geopolitical fears are fostering continued investment in gold assets.
FAQ
Why Very Bullish?
The prediction of a $3,000 gold price could drive increased investment in AAAU, similar to previous gold rallies when geopolitical tensions rose.
How important is it?
The sustained elevation in gold prices is highly relevant for AAAU, as it directly correlates with the ETF's market performance based on the underlying value of gold.
Why Long Term?
Given the timeframe extending through 2025, the long-term bullish momentum on gold prices should positively influence AAAU valuations.