The 3 reasons gold is in a bull trend remain in place, $us 2400 targetted

Author: Eamonn Sheridan | Category: News

The reasoning (via Citi's latest update on the metal) is a reiteration, and still in place:

  • record pace of ETF investor inflows
  • weakening US$
  • negative real yields
"are the primary drivers for the push higher"

Citi on levels., first their 3-mth:
  • We lift gold short-term targets to ~$2,200/oz
  • 6-12m targets breaching $2,400/oz seems plausible
The reasoning (via Citi's latest update on the metal) is a reiteration, and still in place:

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