(Bloomberg) — Bullish factors building in the bullion market are set to see prices take out the record set in 2011, according to Citigroup Inc.Prices are benefiting from loose monetary policy, low real yields, record inflows into exchange-traded funds and increased asset allocation, analysts including Ed Morse wrote in the bank’s third-quarter commodities outlook. Gold is expected climb to an all-time high in the next six-to-nine months, and there’s a 30% probability it’ll top $2,000 an ounce in the next three-to-five months.“Nominal gold prices have already posted fresh records in every other G-10 and major emerging market currency this year,” …read more
Source:: Yahoo Finance
