Major Banks Raise Year-End Gold Targets to $3,300 on Technical and Fundamental Alignment

Top investment banks including Goldman Sachs, JPMorgan, and Citi have raised their year-end gold price targets to $3,300 in their latest research reports, with some institutions setting targets as high as $3,500 in optimistic scenarios. Technically, gold has recently broken through multiple key resistance levels, with the monthly MACD continuing to strengthen and RSI elevated but not yet overbought. Fundamentally, three drivers are resonating together: central bank gold buying (up 18% year-on-year), ETF net inflows turning positive, and a rising geopolitical risk premium. The primary risk is an economic "no-landing" scenario in the US where Fed rate cuts are delayed further, potentially triggering a near-term gold pullback — though analysts broadly view support above $3,000 as solid.