Gold Prices Decline Amid Easing Geopolitical Tensions and Citi’s Revised Forecast

BTCC / BTCC Square / Global Cryptocurrency /

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2025-06-20 20:14:02

Gold futures slipped 0.80% on Friday as President Trump's decision to delay U.S. involvement in the Israel-Iran conflict temporarily eased safe-haven demand. The precious metal, typically a hedge during economic uncertainty, faces headwinds from diminishing geopolitical risks.

Citi further pressured the market by slashing its Gold price targets. The bank now projects $2,800 over six to twelve months, down from $3,000, citing expectations for lower interest rates that could buoy equities instead. Despite the downward revision, Citi maintains that persistent geopolitical tensions could propel gold past its $3,500 all-time high by Q3.

Spot gold remains a standout performer with nearly 30% year-to-date gains, demonstrating its resilience even as short-term factors weigh on prices.

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