RE: Possible Gold rush21 Apr 2023 16:29
Recent shocks in global banking have altered the script on growth, rates, and ultimately precious metals prices. We now forecast the gold price to eventually break its previous record high and target USD 2,200/oz by the end of March 2024. Hence, with uncertain times set to continue over the year ahead, we recommend holding gold as a portfolio hedge.
Source: UBS (Switzerland), 2023.