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,
- 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