Citi's Gold Bears Turn Bullish on US Growth, Inflation Concerns
The precious metal will trade between $3,300 and $3,600 an ounce over the next three months, due in part to US import levies averaging higher than the anticipated 15%, analysts including Max Layton said in a note on Monday. That contrasts with Citi's view in June, when the bank said gold would trade below $3,000 an ounce in the coming quarters.
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