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Citi comments on Gold

Kimlove
· Views 1,809

Some interesting comment from Citi on gold, as they lift their short-term target to $2,100/oz. They also opine that it is plausible to breach the $2,300/oz within 6-12months. They opine this based on the record pace of ETC investor inflows, negative real yields as well as the weakening USD. Any thoughts, friends? 


Edited 18 Aug 2020, 11:38

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Wui Feng
Citi is Citibank?
Mary Grace
One thing that could make USD surge in the short term is SPX500 sell-off which in my opinion is getting more and more probable each day. If that happens expect pull-back in precious metals.

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