From the latest UBS thoughts on the price of gold
This via the bank's Wealth Management Research.
- The piece says UBS expect the Federal Reserve to hike in December and this a short-term bearish for gold
- But, after the December hike the Fed will be slow to hike again, rates stay low
- This is a bull sign for gold
Forecasts:
- Down to 1225 in the coming 3 months
- Then they see gold rising in the next 12 months to USD1350
Gold this year so far:
