Citi Research Is Bullish on Gold and Silver until Year-End, the World's Largest Physically Backed Gold ETF Raises Gold Holdings

Citi Research said it continues to advise investors to buy gold and silver until the end of the year. Demand for physical gold in India slowed last week as a rebound in domestic prices put buyers off buying. SPDR Gold Trust, the world's largest physically backed gold exchange-traded fund (ETF), said its holdings rose 0.15% to 939.56 mt on Monday from 938.11 mt on Friday.