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Citi raises gold, silver forecasts for 2012, 2013

Posted on 25 October 2011

Citigroup Inc.raised its gold and silver forecasts for 2012 and 2013, citing expectations of increased resilience in both metals amid a “high probability” that the macroeconomic and financial factors that have propelled prices over the past three years will continue for the next 12-18 months.

The bank now sees gold averaging at $1,950 a troy ounce in 2012, compared with $1,650/oz previously forecast, and sees a 2013 gold price of $1,745/oz, up from $1,500/oz………………………………………Full Article: Source


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