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.
Citigroup lowered its short-term target price for gold to $3,800, and believes that the important support level is $3,600.
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.
Market Opportunity
4 Price(4)
$0.01708
$0.01708$0.01708
USD
4 (4) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Haier Shines at Australian Open 2026: Official Partner Elevates the Game with Smart Innovation and Purpose
MELBOURNE, Australia, Jan. 25, 2026 /PRNewswire/ — Haier, the world’s No.1 major home appliance brand, continues its strategic partnership with the Australian Open
Share
AI Journal2026/01/26 11:30
ZKP Takes Center Stage With $5M Rewards as BCH Pushes Toward $1K and Zcash Sees Whale Demand
Explore how Bitcoin Cash builds momentum, Zcash sees growing whale interest, and ZKP runs a live presale auction with a structured $5M reward campaign.
Share
coinlineup2026/01/26 11:00
Coinbase Issues Cryptocurrency Call to US Justice Department: “Solve Urgent Problems!”
The post Coinbase Issues Cryptocurrency Call to US Justice Department: “Solve Urgent Problems!” appeared on BitcoinEthereumNews.com. Coinbase, the largest cryptocurrency exchange in the United States, stated that there should be uniform cryptocurrency regulation in the country. At this point, Coinbase sent a letter to the US Department of Justice requesting that federal regulators prevent state regulations from conflicting with national crypto policies and ensure uniform regulatory clarity. Coinbase’s request comes after the state of Oregon filed a lawsuit against Coinbase for unregistered securities, despite the SEC withdrawing its lawsuit against the cryptocurrency exchange. Coinbase states that although the country’s top regulator, the SEC, withdrew its lawsuit, states are filing lawsuits in defiance of the SEC’s decision. In the letter, addressed by Coinbase Legal Counsel Paul Grewal, he stated: “Despite the Trump administration’s positive regulatory efforts, crypto companies are being negatively impacted by states’ flawed interpretations of securities laws and their divergent actions. If Oregon can sue us for services that are legal under federal law, we have a problem. It has long been clear that the current patchwork of state laws is not only inefficient, but also slows innovation and harms consumers. At this point, the Justice Department should take steps to address the pressing issues by calling on Congress to step in and enact comprehensive and uniform regulations.” Oregon Attorney General Dan Rayfield filed a lawsuit against Coinbase last April, alleging that Coinbase was promoting the sale of unregistered cryptocurrencies to individuals in Oregon. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/coinbase-issues-cryptocurrency-call-to-us-justice-department-solve-urgent-problems/
Share
BitcoinEthereumNews2025/09/18 05:06