UBS doubles down on gold – ups its forecast again

Forbes/Simon Constable

image of gold chess pieces, knight and pawn“Now it says the price for the yellow metal could reach as high as $1,730 a troy ounce next year, up $50 from an August forecast, a recent UBS report states. The note last month pointed to the possibility of $1,680 over the same timeframe.”

USAGOLD note:  As Simon Constable points out at the link above, at $1730 it would be a pretty solid return over current prices – especially after yesterday’s correction to the $1470 level.

Repost from 10-4-2019

This entry was posted in Gold and Silver Price Predictions from Prominent Players, Today's top gold news and opinion. Bookmark the permalink.