Citi on gold in 2021 – to see highs toward US$2,100/oz
“A snippet from Citi’s outlook for the coming year: Citi analysts look for gold prices to move toward US$2,100/oz over the next 6-9 months, before moderating in 2022. Overall, gold prices could average US$1,900/oz in 2021.”
USAGOLD note: Please keep in mind that the big institutions adjust their forecasts during the course of the year as circumstances change. Over the past few years, Citibank has been consistently bullish on gold.
Repost from 1-8-2021