Analysts at Citigroup offer their price forecasts for gold and oil, with a bearish outlook on the bright metal for the next year.
“We are bearish spot and forward gold markets, forecasting a sub-$1,600/oz average in 2022.”
“See brent crude oil prices averaging $69/bbl in 2021, $67/bbl in 2022.”
“WTI crude oil prices averaging $66/bbl in 2021, $64/bbl in 2022.”
Oil rally will continue, with year-end Brent forecast of $90 – Goldman Sachs
Gold, Chart of the Week: XAU/USD bearish bias forecast below $1,760
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