UBS SEES $4,000 AS KEY SUPPORT FOR GOLD UBS expects gold could retest $4,000/oz, but sees strong dip-buying demand establishing a floor. De…
UBS SEES $4,000 AS KEY SUPPORT FOR GOLD
UBS expects gold could retest $4,000/oz, but sees strong dip-buying demand establishing a floor.
Despite rising U.S. real yields and a stronger dollar, central bank buying, Chinese demand and debt concerns continue to support prices.
UBS forecasts 750–1,000 metric tons of annual central bank purchases.