UBS increases Q3 gold forecast to $900/oz from $810

摘要

UBS Investment Research has increased its price forecast for precious metals over the next three years, saying that oil prices have "exceeded expectations" this year and the dollar continues to be weak.rn"We have made small upgrades to gold and silver [forecasts], larger increases to platinum and rhodium and a much more significant upgrade to palladium," said John Reade, head of metals strategy at UBS Investment Research. "These forecasts, especially for gold and silver, are very much based on the UBS macroeconomic calls for growth, inflation and the US dollar."