Citibank: The three-month gold price forecast has been raised to 2800 US dollars

Citigroup Research has raised its three-month gold price forecast due to the potential further deterioration of the U.S. job market, Federal Reserve rate cuts, and physical and ETF buying. The bank has increased its three-month gold price estimate from $2,700 to $2,800 and added that its 6-12 month forecast is $3,000. In addition, Citigroup has raised its 6 to 12-month silver price prediction from $38 to $40.