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Citibank ups Q3 gold and silver forecasts
Citibank raised its gold price forecasts for the third quarter from $4,000 to $4,500 per ounce, with expectations of the price reaching $5,000 within 6 to 12 months, while cautioning about market volatility. It also increased its silver price forecast from $60 to $70 per ounce. Gold prices stabilized near their highest levels in more than a week, while silver experienced a slight decline.
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