Five-tael (6.65 ounces or 190 grams) gold bars are seen at a jewellery store in Hong Kong. Gold prices have risen in recent months. Photo: Reuters
Citigroup says cuts in Fed rates, global recession risks could propel gold above US$2,000
- Gold hit a six-year high this month as central banks ease policy to address the slowdown in growth amid the trade war
- Gold reached an all-time high of US$1,921.17 in 2011
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US Federal Reserve
Five-tael (6.65 ounces or 190 grams) gold bars are seen at a jewellery store in Hong Kong. Gold prices have risen in recent months. Photo: Reuters