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Gold outlook from Citi, analysts there "bullish gold tactically in the short-term and structurally over the medium-term."

Maintain our 0-3m point-price target at $2,200/oz and a 6-12m target at $2,400/oz.

We lift the 2021E base case gold price forecast by ~$300/oz, versus our early July update, to a record $2,275/oz.