Citi, which is one of the largest financial institutions in the world, shared its predictions about “gold”, which investors take shelter as a safe haven in the markets where the atmosphere of fear and panic has been blowing recently.
Citi, which included gold prices for the end of 2023 and the beginning of 2024 in a forecast note it published, made an estimation of 1,915 dollars an ounce for gold prices for the next three months of 2023.
The bank’s forecast for gold prices for the end of 2023 or the first half of 2024 is at the level of $2,200. However, CITI is of the opinion that gold prices will remain above $2,000 on average throughout the year 2024.
Gold Prices Started The Day With Rising
In addition to the Citi report, gold prices remain high in both domestic and global markets.
While the price of a gram of gold in TL terms was at the level of 1,460 with an increase of 0.77 percent as of 9:50, the main reason for the increase is the dollar/TL exchange rate that continues to increase in the domestic market and the global gold prices, which started the day on the positive side.
While the price of an ounce of gold in dollar terms was trading at $1,945 as of 9:50, with an increase of 0.28%, the dollar/TL parity was at 23.35 with an increase of approximately 0.50.
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