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.
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.
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