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Citi forecasts $1,255/oz gold in 2014, favors palladium

Posted on 20 November 2013

Citi Research looks for gold to average $1,255 an ounce in 2014, falling early in the year on expectations for tapering of Federal Reserve quantitative easing but drawing support from continued Chinese buying. The bank lists palladium as its favored metal for the precious complex.
Citi said investors collectively are focusing on a global economic recovery, with debate over the timing of tapering of quantitative easing by the U.S. Federal Open Market Committee considered a question of “when,” not “if.” The bank said it views March as the earliest possible date for a possible tapering announcement……………………………………Full Article: Source


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