Gold Prices Surge Toward Record Highs Amid Geopolitical Tensions and Inflation Concerns

Analysts predict gold could reach $3,000 per ounce within 18 months as it becomes a preferred safe-haven asset.

Gold prices have been climbing, with recent quotes near $2,400 per ounce, driven by persistent inflation and geopolitical instability.
Citigroup analysts forecast a potential rise to $3,000 per ounce for gold in the next 6 to 18 months, citing economic uncertainty and market demand.
Investors are increasingly turning to gold as a hedge against inflation and as a stable investment during times of economic turmoil.
Recent geopolitical events, like Iran's missile attack on Israel, have intensified gold's appeal, reinforcing its status as a safe-haven asset.
Goldman Sachs and Citigroup have raised their gold price forecasts, signaling strong market confidence in the metal's continued value.