Raise the price of gold to the record level of the $ 3,000 Citigroup sees in the next quarter, as geopolitical tensions and trade war that US President Donald Trump has fired have ejected the demand for assets considered “safe shelters”.

From the first moment of his return to the White House, Trump shook on the markets with his threats to impose dutieswhich raised concerns about slowing economic growth, rejuvenation of inflation and turmoil in the global obstacle.

In the midst of this climate, investors began to turn to the security offered by precious metal, a trend that investment bank analysts estimate that it will continue, and predict that central banks will continue to broaden their stocks into gold.

“The upward cycle of gold seems to continue on Trump 2.0“, Citi analysts point out in their report, citing the dangers of slowing growth and high interest rates.

Indeed, the price of gold has recorded historically high historically in recent days amid concerns about a new trade war between the US and China, as well as because of Trump’s threats to impose duties in a number of other countries.

In this context, Citi has risen the quarterly target price for the valuable metal price of $ 3,000, out of $ 2,800 previously, a level that precious metal has already exceeded.

It is noted that the price of gold is moving at this time on the New York Stock Exchange moves to $ 2,868abstaining less than $ 20 from the record level it recorded on Wednesday.

The Investment Bank also notes that the US dollar appreciation will boost the “appetite” of central banks of emerging economies to boost its stocks in gold in order to support their national coins, and investors will turn to the market for such natural quantities of gold as well as negotiable contracts, which will give an additional impetus to the price of precious metal.

Citi also increased the target price for the price of gold at the end of the year by $ 100at $ 2,900 a ounce.