by GoldCore
◆ Gold will “trade stronger for longer” and Citigroup see gold possibly topping new nominal highs at $2,000 an ounce in the next year or two
◆ Citi is bullish on gold due to the prospect of the Fed cutting interest rates to zero, heightened geopolitical tensions and rising risks of a global recession (see News below)
◆ Strong demand from institutional investors and central bank diversification will provide support for gold prices
◆ Citigroup says recession risks and strong investor demand underpin their positive outlook for gold
NEWS and COMMENTARY
Citigroup Says Gold May Top Record – Bloomberg
Gold prices inch higher, all eyes on ECB meeting
Trump ousts NSA Adviser Bolton, says they ‘disagreed strongly’ on policy
Consumer Credit Card Debt Explodes In July Despite Rates At 18-Year Highs
Tech stock bubble continues – but wise investors should look for value elsewhere
“History doesn’t repeat itself, but it does rhyme” – Mauldin on Dalio
‘I’m even more bullish on silver than on gold’ – Ned Naylor-Leyland
Record-High Debt And Record-Low Yields May See Gold At $10,000 – Holmes
Gold Prices (LBMA – USD, GBP & EUR – AM/ PM Fix)
10-Sep-19 1494.60 1498.25, 1211.52 1211.34 & 1353.51 1357.11
09-Sep-19 1509.95 1509.20, 1223.81 1220.34 & 1368.62 1364.92
06-Sep-19 1504.95 1523.70, 1223.52 1237.09 & 1363.94 1378.49
05-Sep-19 1542.60 1529.10, 1257.06 1238.72 & 1397.44 1380.78
04-Sep-19 1538.80 1546.10, 1265.05 1269.97 & 1397.69 1403.86
03-Sep-19 1532.45 1537.85, 1278.06 1277.80 & 1400.35 1403.44
02-Sep-19 1523.35 1525.95, 1260.42 1265.01 & 1388.69 1391.51
30-Aug-19 1526.55 1528.40, 1253.14 1251.15 & 1382.75 1383.51
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