Gold has ‘growing potential’ to break $1,800 an ounce, says UBS

CNBC/Eustance Huang/5-4-2020

image of 500 gram gold bar with chart in background“‘There is growing potential (for gold) to break $1,800 (per ounce) in my view,’ Joni Teves, precious metal strategist at UBS Investment Bank, told CNBC’s ‘Squawk Box Asia’ on Monday. In the near term, the firm has a target price for gold at $1,790 per ounce. That comes as ‘investor interest continues to grow in this environment of uncertainty and negative real rates,’ Teves said.”

USAGOLD note:  And now over the past few days, geopolitical tension has begun to bubble once again to the surface – particularly between the United States and China ……

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