Citi upgrades 0 to 3-month-old forecast for gold to $2800 versus $2700
Citi has upgraded its:0 to 3 month forecast for gold to $2800 from $2700. Sets 6-12 month target to $3000 an ounce.Increases 6– 12 month target for silver from $38 an ounce to $40 an ounceGold is currently trading near unchanged at $2720.60Looking at the daily chart below, the price of gold is channeling with a top-side target currently at $2752 and moving higher.Silver is currently trading at the highest level since November 2012. This article was written by Greg Michalowski at www.forexlive.com.
Citi has upgraded its:
- 0 to 3 month forecast for gold to $2800 from $2700.
- Sets 6-12 month target to $3000 an ounce.
- Increases 6– 12 month target for silver from $38 an ounce to $40 an ounce
Gold is currently trading near unchanged at $2720.60
Looking at the daily chart below, the price of gold is channeling with a top-side target currently at $2752 and moving higher.
Silver is currently trading at the highest level since November 2012. This article was written by Greg Michalowski at www.forexlive.com.
