Citigroup maintains short-term gold target price at $4500 per ounce

Citigroup maintains a short-term gold target price of $4500 per ounce for 0 to 3 months, assuming that tensions in the Strait of Hormuz ease and the Federal Reserve shifts to a less hawkish stance. There are still risks of significant re escalation, AI driven risk mitigation operations, and the Fed's continued hawkish stance in the short term.