Citigroup says gold may top record

Bloomberg/Ranjeetha/Pakiam/9-10-2019

“‘We expect spot gold prices to trade stronger for longer, possibly breaching $2,000 an ounce and posting new cyclical highs at some point in the next year or two,’ analysts including Aakash Doshi said in a note received Sept. 10. That would exceed the record of $1,921.17 set in 2011.”

USAGOLD note:  Bloomberg reposted this article on its front page yesterday.  We included Citigroup’s forecast in last Wednesday’s DMR.  Here is a link to the complete article. . . . .


Repost from 9-17-2019

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