%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Analysts at U.S. bank %Citigroup (NYSE: $C ) are forecasting that demand for %Gold will rise in coming months, pushing up prices. Citigroup made its forecast using a new framework that incorporates annual price movements over the last 55 years and quarterly changes over the past 25 years. According to Citigroup, gold investment demand will continue to rise, potentially absorbing the available mine supply over the next 12 to 18 months. Consequently, Citigroup sees gold prices rising to between $2,700 U.S. and $3,000 U.S. per ounce by 2025. The normalization of U.S. interest rates over the next year is expected to drive higher demand for gold exchange-traded funds (ETFs), said the analysts in their report. Continued buying among central banks around the world, notably in China, is also forecast to increase demand for gold bullion in coming months. Several developments could further bolster gold investment and drive outperformance, according to the bank. These additional factors include trade tariffs, geopolitical tensions and war in the Middle East, and growing retail demand among consumers. Gold’s price is currently trading at $2,360 U.S. per ounce, having risen 21% in the last 12 months.