I posted earlier on the note on the UBS oil forecast:UBS is expecting Brent crude oil to recover into $85 - 90 rangeCiti is looking for the same direction:Citi says upside risk for oil, Brent possible bounce above $80UBS analysts now on gold:target US$2,600/oz by the end of 2024target US$2,700/ oz by the middle of 2025Citing:central bank net buying remaining elevated in 2024 and 2025, but at a more moderate pace than in the first half of 2024small amount of selling by Singapore and ChinaChina announced though that's its gold reserves sat unchanged for a third consecutivemonthjewellery demand has also moderated, UBS see seasonal tailwinds rising from Q4 2024 This article was
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