Citigroup Keeps $5,000 Gold Target but Waits for a Pullback to Buy

Citigroup said Friday, August 14, 2026 (23 Mordad 1405), according to Arzdigital, that the outlook for the gold market is improving, but after the recent rapid rally a short term correction is likely, and the bank will wait for the market to stabilize before adding to its buy position. The bank said falling short term US Treasury yields, rising inflows into gold ETFs since mid July, particularly in China, and stronger global demand could keep supporting gold's uptrend.

Gold has climbed toward a two month high in recent weeks as expectations for further Federal Reserve rate hikes have eased. Citi said the price is now near its three month target of around $4,500 an ounce and continues to see a path to $5,000 within 6 to 12 months, but added that gold's path from here still depends on US economic data and the Fed's coming interest rate decisions.