UBS Raises Gold Price Forecast Amid Rising Central Bank Demand and Geopolitical Tensions

Publikováno: 25.5.2024

#Economics #central bank demand #economic data #ETF inflows #Federal Reserve rate cuts #geopolitical uncertainties #gold price forecast #Gold Prices #safe haven asset #UBS

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UBS Raises Gold Price Forecast Amid Rising Central Bank Demand and Geopolitical Tension

UBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include softer U.S. economic data, increased central bank demand, and ongoing geopolitical uncertainties. UBS Revises Gold Price Prediction […]