Expectations of interest rate hikes intensify, Citi lowers gold price target to $4,000.
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Expectations for interest rate hikes continue to rise, putting short-term pressure on gold's outlook. Citigroup has lowered its three-month gold target price from $4,300 per ounce to $4,000 per ounce, citing the stalemate in the Strait of Hormuz and high energy prices boosting market expectations for