Citi Research has reaffirmed its bullish stance on gold, projecting a target price of $3,000 per metric ton, as outlined in their December 19, 2024, Global Macro Trade Ideas Radar report. Analyst Charlie Massy-Collier recommends buying XAUUSD spot at $2,609.85/mt, with a stop at $2,480/mt, citing the recent selloff as positioning-led and aligning with Citi's post-election base case. "Central banks remain committed buyers, and ETF outflows may stabilize now that the selloff is more mature," Massy-Collier notes. This outlook is supported by historical analysis of bull market selloffs, suggesting the current dip presents an attractive entry point. The report emphasizes the potential for gold to benefit from ongoing central bank purchases and a maturing selloff, reinforcing Citi's long-standing bullish view on the precious metal.