Gold is coming off its highest settle in nearly seven years as investors pile into the safe haven asset, and Citi thinks prices are heading higher.
As investors fear the ongoing impacts of the coronavirus outbreak, and with the bull market stretching on, Citi said gold looks set to outperform.
The firm believes market jitters will prompt investors to pile into the so-called safe haven asset, pushing gold prices to $2,000 per ounce in the next 12 to 24 months. On Tuesday, gold settled above the $1,600 mark for the first time since April 2013, as investors reacted to Apple's announcement that it would
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