The 3 reasons gold is in a bull trend remain in place, $us 2400 targetted

The reasoning (via Citi's latest update on the metal) is a reiteration, and still in place:

• record pace of ETF investor inflows
• weakening US$
• negative real yields

"are the primary drivers for the push higher"

Citi on levels., first their 3-mth:

• We lift gold short-term targets to ~$2,200/oz
• 6-12m targets breaching $2,400/oz seems plausible