Gold’s monster run could reach $1,600, say Citi analysts

MarketWatch/Barbara Kollmeyer

“That brings us to our call of the day from Citigroup analysts who say this ‘bullish gold fever is justified,’ and say the metal could reach between $1,500 to $1,600 an ounce in the next 12 months, and $1,500 by end-2019 in the most optimistic of their new predictions for the metal.”

USAGOLD note: A good many bank analysts will be adjusting their market forecasts based on events of the past week.  Citigroup is among them.  It has been bullish on the metal for some time now, but this forecast of $1500 to $1600 gold still comes as a surprise.

Repost from 6-21-2019

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