Citi analysts predict that gold prices could reach $3,000 per ounce within the next 12 months due to strong physical demand, central bank purchases, and favorable macroeconomic factors. Despite potential fluctuations, prices are expected to stay above $2,000-2,200 per ounce, with significant increases anticipated in 2025. Factors supporting this forecast include resilience amid a strong US dollar and high interest rates, potential US economic slowdown, and sustained central bank demand.