Sep
21
2007
FP Trading Desk : Gold could surpass US$1000 in “new cycle,” Citigroup
Posted by admin in Gold CoinsWith gold having broken the US$730 per ounce mark to reach a 28-year high, Citigroup analyst John Hill says the metal appears to be entering a new investment-driven phase and has re-asserted itself as a safe haven. He thinks gold will be one of the top beneficiaries of the “Re-flationary Rescue,” which should bode well for hard assets and basic materials… Citigroup continues to be bullish on bullion and expects the multi-year bull market to continue with prices to average US$750 in 2008 a…
Original Post By Google News Jonathan Ratner
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