UBS Sees Gold Reaching $6,200/Oz In Coming Months
ReutersFeb 24, 2026 8:49 AM
Feb 24 (Reuters) - UBS:
SAYS IT SEES GOLD REACHING $6,200/OZ IN COMING MONTHS AS KEY DRIVERS UNDERPINNING ITS STRONG RALLY OVER THE PAST YEAR REMAIN IN PLACE
SAYS TRADE UNCERTAINTY RESURFACED AFTER U.S. PRESIDENT DONALD TRUMP ANNOUNCED A 15% GLOBAL LEVY, WHILE THE U.S. MILITARY HAS AMASSED FORCES IN THE MIDDLE EAST
SAYS IT EXPECTS TWO 25-BASIS-POINT FEDERAL RESERVE RATE REDUCTIONS BY THE END OF SEPTEMBER
SAYS IT MAINTAINS IT'S ATTRACTIVE VIEW ON GOLD, AND VIEW THE YELLOW METAL AS AN EFFECTIVE PORTFOLIO DIVERSIFIER THAT CAN HELP HEDGE AGAINST A RANGE OF MARKET AND ECONOMIC RISKS
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