Record Gold Prices May Come in Soon Enough, Says Citi
July 21, 2020 at 09:00 AM EDT
Tailwinds in the gold market are forming in such a way that prices could zoom past the record market set in 2011, according to Citigroup Inc. A confluence of low interest rates, a movement to safe haven assets amid the coronavirus pandemic, and record inflows into exchange-traded funds (ETFs) are fueling optimism for the precious metal.