Analysts at the bank say that the price is above their long-term forecast of US$2850 and is above their estimate of fair valueAnd add that gold is showing its worth as a store of value and a hedge against uncertaintyThey have boosted their forecast to US$3000 over the next 12 months
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If they happen, US tariffs on Canada & Mexico are unlikely to last long.See a gradual increase in US tariffs on China to 30%.Gold will continue to be supported by uncertainty, global rate cuts, and investor demand. This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about gold price forecast ubs boosts target to 3000 amidst global uncertainty was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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