PANews reported on October 28th that according to the Zhuifeng Trading Desk, Citigroup released a research report on October 27th, lowering its gold price target for the next 0-3 months from $4,000 to $3,800, noting that key technical support lies at the 100-day moving average of approximately $3,600. The report attributed the downward trend in gold prices to easing geopolitical risk expectations and potential selling pressure from significant unrealized gains. Furthermore, expectations of a possible end to the US government shutdown have also intensified the shift in gold's price momentum. Despite a short-term bearish outlook, Citigroup emphasized the solid value of gold as a long-term strategic hedge, noting that the Federal Reserve's policy direction and the performance of the US economy will be key variables in gold's rebound.PANews reported on October 28th that according to the Zhuifeng Trading Desk, Citigroup released a research report on October 27th, lowering its gold price target for the next 0-3 months from $4,000 to $3,800, noting that key technical support lies at the 100-day moving average of approximately $3,600. The report attributed the downward trend in gold prices to easing geopolitical risk expectations and potential selling pressure from significant unrealized gains. Furthermore, expectations of a possible end to the US government shutdown have also intensified the shift in gold's price momentum. Despite a short-term bearish outlook, Citigroup emphasized the solid value of gold as a long-term strategic hedge, noting that the Federal Reserve's policy direction and the performance of the US economy will be key variables in gold's rebound.