UBS Sees Gold Rebounding Nearly 30% as Fed Rate Cuts, Weaker Dollar and Central Bank Buying Revive Bull Market
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3 Articles
3 reasons UBS sees gold surging 30% in the next year
Bloomberg/Getty ImagesUBS forecasts gold prices to rise 28% to $5,200 per ounce in the next 12 months.The bank cites Fed policy shifts, a weaker dollar, and central bank buying as key drivers.UBS suggests a mid-single digit gold allocation for diversification amid market and economic stress.After a rough patch for gold, UBS says the precious metal is set to surge about 28% over the next 12 months.Gold prices are down 23% since their January high…
UBS predicts that gold prices will surge by approximately 28% in the next 12 months, following a period of stagnation, supported by several favorable factors.
UBS Sees Gold Rebounding Nearly 30% as Fed Rate Cuts, Weaker Dollar and Central Bank Buying Revive Bull Market
After suffering one of its sharpest corrections in years, gold could be poised for a powerful rebound, according to UBS, which believes the precious metal could climb about 28% over the next 12 months as expectations for U.S. monetary policy shift, the dollar weakens, and central banks continue accumulating bullion. The bullish outlook contrasts with […] The post UBS Sees Gold Rebounding Nearly 30% as Fed Rate Cuts, Weaker Dollar and Central Ban…
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