UBS paints a bearish case for gold
Summary
By sueyangfx.com January 13, 2021 at 05:57AM UBS’ global wealth management unit sees gold falling to $1,800 this year The firm says that while gold may still be supported by low US real rates and a depreciating dollar to $1,950 […]
More On Forexlive RSS Breaking News Feed
- Eurozone June trade balance €12.4 billion vs €9.3 billion expected
- Eurozone June industrial production -0.3% vs -0.2% m/m expected
- Eurozone May trade balance €9.4 billion vs €7.9 billion expected
- Eurozone May industrial production -1.0% vs -0.3% m/m expected
- ECBs Knot: Ground for Euro area recovery getting firmer and firmer
January 13, 2021 at 05:57AM
UBS’ global wealth management unit sees gold falling to $1,800 this year
The firm says that while gold may still be supported by low US real rates and a depreciating dollar to $1,950 in Q1 2021, prices may start to come under pressure closer to mid-year before weakening to $1,800 by year-end.