Reported 9 months ago
On June 16, 2024, at 4:10 PM, UBS significantly raised its outlook for gold prices, increasing the average forecast for this year and year-end target price to $2,365 and $2,600, respectively, and expected to exceed $2,800 in the next two years. The shift reflects a structural change as macroeconomic uncertainties and geopolitical risks persist. The long-term gold price forecast has also been adjusted, indicating that even though gold prices are expected to eventually fall, they are projected to remain significantly higher at around $2,300 for now.
Source: YAHOO