Citi said it expects the gold price to reach US$3,000 per ounce in the next 6-18 months as capital inflows into gold advanced in anticipation of an eventual interest rate cut by the Federal Reserve.Citi raised its forecast for this year's average gold price to US$2,350 per ounce and raised next year's average price by a whopping 40% to US$2,875 per ounce. Related NewsZIJIN MINING (02899.HK) 1Q NP RMB6.261B, Hiking 15.1% YoYSpot gold last went up 0.2% to US$2,387.11 an ounce, while gold futures for June delivery last added 0.85% to US$2,401.5 an ounce.Goldman Sachs, on the other hand, said the precious metal is in an unshakeable bull market, and hence raised its year-end target to US$2,700 an ounce. Separately, UBS has a year-end target of US$2,500 an ounce.