A reprise of the evergreen 'new normal', this time UBS re gold forecasts

  • UBS say with the current set of drivers of gold price it could rise to $2,300

UBS add the gains could fade by the middle of 2021

  • prices to then come under pressure as central banks can't keep up the same pace of easing
  • as economies recover gold buying investors will look for alternatives

(ps. UBS forecasts posted yesterday)

A reprise of the evergreen 'new normal', this time UBS re gold forecasts