Gold is coming off its highest settle in nearly seven years as investors pile into the safe haven asset, and Citi thinks prices are heading higher.
As investors fear the ongoing impacts of the coronavirus outbreak, and with the bull market stretching on, Citi said gold looks set to outperform.
The firm believes market jitters will prompt investors to pile into the so-called safe haven asset, pushing gold prices to $2,000 per ounce in the next 12 to 24 months. On Tuesday, gold settled above the $1,600 mark for the first time since April 2013, as investors reacted to Apple's announcement that it would
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Citi, Deutsche start talks to sell $9 billion Dubai port company debt: sourcesCiti and Deutsche Bank have started talks with other banks to sell roughly $9 bi...
Read more »
Citi Double Cash card review: Benefits, rewards, and other options - Business InsiderIf you want a simple cash-back card that earns valuable rewards no matter where you shop, the Citi Double Cash is a top option with no annual fee.
Read more »
Citi Double Cash card review: Benefits, rewards, and other options - Business InsiderIf you want a simple cash-back card that earns valuable rewards no matter where you shop, the Citi Double Cash is a top option with no annual fee.
Read more »
The Weeknd Sets 'After Hours' Release Date, Shares Dark Title Track: ListenThe Weeknd’s 'After Hours' is coming next month.
Read more »
Pete Davidson Is the Worst Role Model in New Trailer for \u2018Big Time Adolescence\u2019The new film, also featuring Machine Gun Kelly, comes to Hulu next month
Read more »
'Amazing Stories': Watch Mysterious First Trailer for Spielberg RebootIt's finally here. Watch the mysterious first trailer for the Steven Spielberg-produced 'Amazing Stories' reboot
Read more »