Gold price forecast lifted to $1,800 (from $1,700) by year end

Author: Eamonn Sheridan | Category: News

UBS global wealth management unit moves its gold price projection up for year end

  • For 2021 end-June forecast is kept at $1,800
  • Says in the shorter time horizon it sees a number of uncertainties that'll help elevate the price
  • "We're reiterating gold's qualities as a hedge to 2H risks such as the U.S. election, U.S.-China tensions, and coronavirus concerns, and what all three could portend for central bank actions, while also reflecting our view that growth will recover into 2021"
UBS global wealth management unit moves its gold price projection up for year end


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