Citi on gold, short term resistance but see $2,000 / oz

  


Citi says gold faces short-term headwinds, citing amongst other influences reduced demand for physical gold.

Medium term through sees it above $2,000/oz 

Investor demand likely to remain strong with the risky global environment of low to negative interest rates,

Forecasts:

  • sees gold averaging $1,715/oz in 2H 2020
  • $1,925/oz in 2021
  • and on silver, higher in 2H 2020, to $22/oz by 3Q 2021
gold forecast

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