Gold: Set to test $2300 over next 12 months – Citibank
Analysts at Citigroup have revised up their gold-price forecasts across the time horizons, given the latest relentless rise in the yellow metal to fresh record highs of $1981.34.
Key quotes
“Still further to go, short-term target $2,100, then $2,300 in 6 to 12 months.”
"Prices seem biased to stay higher for longer, with 2019-2020 emerging into a unique bull regime for the yellow metal."
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