UBS says not to be too concerned about record high gold prices and the 30%+ rise so far this year:prices will continue to rise in the months aheadUBS forecast $2850 by mid-2025. In brief, UBS cite gold continuing to benefit from rate cuts:Federal Reserve easing cycle is still at an early stage ... expect more cuts in 2024 (100bp in total!) & another 100bps in 2025Global rate cuts too - China, Canada’, ECB, and morePolitics:gold's political hedging utility could blunt near-term dollar upside risks if former President Donald Trump wins the US electionMore:Federal Reserve’s rate-cutting cycle driving financial investment demandOngoing central bank buying This article was writte
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