UBS ‘very bullish on gold, says $2100 possible in 2021

CNBC/Yen Nee Lee

graphic image of green flag flapping in a breeze“We are very bullish on gold. We think that the prices will go higher and what is interesting is we think it will stay higher for longer than expected.” – Yeoh Choo Guan, UBS head of Asean Global markets

USAGOLD note: Generally speaking, the big financial institutions tend to keep their gold forecasts low, then push them up as the markets meet their target levels. That is one of the reasons why the Bank of America’s $3000 forecast earlier this year got so much attention in the financial media.


Repost from 9-21-2020

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