Citigroup: Gold bull market likely to continue in the short term, see $3,800 in the next three months

Analysts at Citi Research say the gold bull market is likely to continue in the short term. They point to cyclical factors (such as continued weakness in the US labor market) and structural factors (such as concerns about the Federal Reserve's independence) as factors expected to remain bullish for gold in the short term. They add, "Almost all factors are currently supporting a bull market for gold." Previously, Citi's target price for gold over the next three months was $3,800 per ounce. (Gold Ten)