Citi trims near-term gold target, sees consolidation at $3,000–$3,300/oz ...Middle East

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Citi has lowered its 0–3 month gold price target to $3,150/oz, down from a previous forecast, citing expectations of consolidation following recent gains.

Analysts at the bank now anticipate the metal will trade in a range of $3,000 to $3,300/oz in the near term

Despite today's fall, support for gold is continuing with ongoing macro uncertainty and central bank demand among the drivers.

This article was written by Eamonn Sheridan at www.forexlive.com.

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