Citi: Raises its 0-3 month gold price forecast to $2,800 an ounce

Citi said it raised its 0-3 month gold price forecast to $2,800 an ounce (from a previous forecast of $2,700 an ounce) and its silver price forecast for the next six to 12 months to $40 an ounce (from a previous forecast of $38 an ounce).