Golden Finance reported that, driven by trade war concerns and Central Bank purchases, Citi and UBS have raised their gold price expectations, expecting the gold Bull Market to continue. Citi has raised its short-term target price to $3,000 per ounce and raised its annual average price expectation from $2,800 to $2,900; UBS has also raised its 12-month target price to $3,000. Currently, gold has risen to $2,860, with a rise of about 9% during the year. Meanwhile, benefiting from the rise in the price of gold, gold-backed Tokens such as PAXG and XAUT outperformed the crypto market, and it is expected that these assets will further benefit if the gold price continues to climb.