Its been a busy day for updating the latest gold price projections, earlier:
- Gold around $2,000 - this may be the "new normal"
- Goldman Sachs 12 month forecast for gold is US $2300 / oz (from previous $2000)
- JP Morgan expect gold rally to lose momentum in the months ahead
Citi now on gold:
- still further to go, short-term target $2,100, then $2,300 in 6 to 12 months
- "Prices seem biased to stay higher for longer, with 2019-2020 emerging into a unique bull regime for the yellow metal"
