UBS bumps up gold price forecast to $3,800 by year-end ...Middle East

"We maintain an Attractive view on gold and stay long the metal in our global asset allocation. Moreover, our analysis suggests a mid-single-digit percentage allocation to gold is optimal."

As for risks to their outlook, UBS says that "the key risk for gold is if the Fed is forced to raise rates due to inflation-related upside surprises".

This article was written by Justin Low at investinglive.com.

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