Citigroup Predicting Much Higher Prices for Gold

Business Insider reported that Citigroup forecast gold prices to reach $2400 in 2012, and go even higher next year.

As quoted in the market news:

Continuing negative real interest rates and global currency debasement are strong fundamentals leading most analysts to forecast much higher prices. Citigroup have said that they believe that gold will rise to $2,400/oz in 2012 and by $3,400/oz in “the coming years”.

Click here to read the full Business Insider report.