Citi Sees Gold Price Topping $2,000

Written by Staff Writer

graph 163509 640Citi says gold prices may top $2,000 an ounce -Marketwatch
"Analysts at Citi say gold prices will 'trade stronger for longer' and see them possibly topping $2,000 an ounce and posting new highs in the next year or two. 'We now expect spot gold prices to trade stronger for longer, possibly breaching $2,000/oz and posting new cyclical highs at some point in the next year or two,' the analysts said in a note published Tuesday

. 'From a birds-eye view, low(er) for longer nominal and real interest rates, escalating global recession risks - exacerbated by U.S.-China trade tensions - heightened geopolitical rifts amid rich equity and credit market valuations, coupled with strong central bank and investor buying activity, are all combining to buttress a bullish gold market environment.'"