Max Layton, head of global commodity research at Citibank, predicts that the price of gold will reach 3,000 US dollars/ounce in the next 6-12 months. At a time when the US and European economies are highly uncertain, demand for gold ETFs and investment will be boosted as a means of storing wealth. Layton added that silver prices are expected to rise strongly to $35 per ounce in the next three months.

Max Layton, head of global commodity research at Citibank, predicts that the price of gold will reach 3,000 US dollars/ounce in the next 6-12 months. At a time when the US and European economies are highly uncertain, demand for gold ETFs and investment will be boosted as a means of storing wealth. Layton added that silver prices are expected to rise strongly to $35 per ounce in the next three months.