Citi have raised their forecast for the gold price

Its new 3 month horizon is $1,825 and says it maintains its longstanding bullish bias for 2021

As a ps, Australia's gold export earnings are projected to hit a record into next year

Australian government officials see the gold price rising further this year due to COVID-19 concerns

  • exports to hit a record $A32bn
  • says average 2020 price to be $US1,630
  • falling to $US1,510 in 2022

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