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Live Updates  >  Live Update Details

2026-11-04 23:18:29

Citigroup sets a 0-3 month target price of $4,500 per ounce for gold, citing significant upside potential if the Strait of Hormuz reopens and the conflict between Yemen and Saudi Arabia de-escalates as expected by the end of the year. The bank also set a 6-12 month target price of $5,000 per ounce. Citigroup further stated that a sharp drop in oil prices could prompt the Federal Reserve to begin cutting interest rates, making gold more attractive to investors and fueling a new global gold rally.

Real-Time Popular Commodities

Instrument Current Price Change

XAU

 4072.26

-16.54

(-0.40%)

XAG

 52.043

0.258

(0.50%)

CONC

 89.59

-0.93

(-1.03%)

OILC

 97.05

-2.09

(-2.11%)

USD

 102.020

0.427

(0.42%)

EURUSD

 1.1172

-0.0047

(-0.42%)

GBPUSD

 1.3387

-0.0061

(-0.46%)

USDCNH

 6.6675

0.0030

(0.04%)

Hot News

Next Week's Outlook: Inflation Data + Numerous Official Speeches, Geopolitical Factors and AI Narratives Combine to Influence Markets

11-06 18:02

The US stock market crash failed to drag down gold prices; geopolitical factors provided long-term support for a rebound.

11-06 17:10

Oil prices hover around $90: Strait transit risks and diplomatic progress become key variables.

11-06 16:22

Oil prices rebounded in the short term: Ship attacks increased risk, and the congressional defense spending ceiling suppressed long-term gains.

11-06 15:54

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