Citibank up the short-term price target for gold to $4,800 per ounce

Citibank increased the gold price target from $4,500 per ounce to $4,800 per ounce for 0-3 months and maintained the target of $5,000 per ounce for 6-12 months. Citibank indicated that in-kind requirements needed to keep up to date to sustain the current boom。