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Citigroup predicts gold at US$1,300/oz

Political concerns in Europe, uncertainty over US economic policies and a reversal of the “Trump reflation trade” are factors that could push the gold price above US$1,300 an ounce this year, according to Citigroup.

Gold And Silver > Research

Citigroup predicts gold at US$1,300/oz

Political concerns in Europe, uncertainty over US economic policies and a reversal of the “Trump reflation trade” are factors that could push the gold price above US$1,300 an ounce this year, according to Citigroup.

Citigroup predicts gold at US$1,300/oz

Citigroup sees gold reaching US$1,300/oz

Gold’s spot price has been steadily marching higher since its December low of $1,128.20/oz.