Via a note from UBS (the bank's Wealth Management area) on their outlook for gold.
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 monthsIn brief on reasoning:
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