GOLD: SET TO TEST $2300 OVER NEXT 12 MONTHS – CITIBANK - Kedai Saham
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Wednesday, July 29, 2020

GOLD: SET TO TEST $2300 OVER NEXT 12 MONTHS – CITIBANK

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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