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“. .. Citi Says It’s ‘Only a Matter

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goldenpolarbear   Monday, 07/20/20 10:16:20 AM
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“. .. Citi Says It’s ‘Only a Matter of Time’ Before Gold Hits a Record ..."

"... Bullish factors building in the gold market are set to see prices take out the record set in 2011, according to Citigroup Inc.

The metal is benefiting from loose monetary policy, low real yields, record inflows into exchange-traded funds and increased asset allocation, the bank’s analysts including Ed Morse wrote in a report. Gold is expected to climb to an all-time high in the next six-to-nine months, and there’s a 30% probability it’ll top $2,000 an ounce in the next three-to-five months.

“Nominal gold prices have already posted fresh records in every other G-10 and major emerging market currency this year,” the analysts said. “It is only a matter of time for fresh” highs in U.S. dollars, they said, adding that demand for a store of wealth should also lift silver, which touched a three-year high in New York on Monday...."
https://www.bloomberg.com/news/articles/2020-07-20/record-gold-is-only-a-matter-of-time-as-bullish-factors-build


"... Gold firms as virus woes bolster demand
https://www.cnbc.com/2020/07/20/gold-holds-firm-on-coronavirus-worries-weaker-dollar.html
https://investingnews.com/company-profiles/kerr-mines-tsx:ker-copperstone-gold-mine/

https://www.kitco.com/news/2020-07-20/Gold-and-silver-prices-begin-the-week-on-the-front-foot-TD-Securities.html

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