Citigroup and Bank of America have issued bullish forecasts for gold prices, predicting they could reach $3,000 per ounce within the next year. This optimistic outlook is driven by expectations of increased investor inflows and anticipation of the Federal Reserve cutting interest rates. Citigroup analysts, led by Aakash Doshi, have revised their 2024 average price prediction to $2,350 and significantly increased their 2025 forecast to $2,875. They expect gold to frequently challenge and surpass the $2,500 mark in the second half of this year.