Although Bullion has dropped below $1,900 this week as the US Dollar rebounds, Citigroup says Gold could hit a record before the year-end, aided in part by the 'under-appreciated' Risks surrounding the U.S. presidential election.
Uncertainty over the contest and delays about the outcome may "be under-appreciated by precious metals markets," analysts including Aakash Doshi said in a quarterly commodities outlook. The bank's forecast implies a surge of more than $200 for bullion futures from current levels
See the whole story on Bloomberg here: https://www.bloomberg.com/news/articles/2020-09-23/gold-may-hit-record-before-year-end-on-election-risk-citi-warns?
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