EXPM:HRTFF - Post by User
Post by
justrelax2on Sep 24, 2019 1:24pm
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Post# 30159671
We should all feel badly for poor diamonds
We should all feel badly for poor diamonds Gold at $2,000 is bad for diamonds — Citigroup
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(Kitco News) - Citigroup’s bullish scenario that gold could rise to $2,000 in just two years would be bad for the diamond market, according to one of the bank’s analysts.
At the end of August, Citigroup published a research note stating that the ratio between gold and the S&P 500 is testing a critical pivot point and a break higher could trigger a rally that pushes gold prices 25% higher.
Citigroup’s new estimate would push gold prices to nearly $2,000 an ounce.