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September 23, 2020

Market Risks Surrounding Coming US Presidential Election Could Send #Gold to New Record by year-end, says @Citigroup $GLD

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


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