Gold Tops $3,000 as BofA, Citi Stay Bullish

What You Need To Know

• Consumer confidence has plunged, inflation expectations have surged, and analysts have been hiking their price targets.
• Investors are net buyers of physically-backed gold ETFs this year, after selling them for the past four years.
• A striking feature of gold’s two-year bull run is that it has come despite a surge in interest rates.