On October 28, Citibank cut its short-term price targets for gold and silver, lowering its 0-to-3-month gold price forecast from $4,000 to $3,800 per ounce, and its silver price forecast from $55 to $42 per ounce, citing changes in global market conditions.
Citibank: Lower its short-term price targets for gold and silver, lowering its 0-to-3-month gold price forecast from $4,000 to $3,800 per ounce and its silver price forecast from $55 to $42 per ounce, citing changes in global market conditions.