UBS Forecasts Commodity Rally Driven by Strong Fundamentals UBS predicts a rally in commodities based on strong fundamentals. They raised their gold demand forecast due to record central bank purchases and sustained Chinese buying, expecting prices to reach USD 2,600/oz by year-end. Copper is also expected to see price gains, driven by supply challenges and China’s housing policies, with prices forecasted to hit USD 11,500/mt by year-end. UBS projects a 10% return for broad commodity indexes over the next 6-12 months and recommends an active investment approach in commodities like oil. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Economic Showdown: Trump and Harris Face Off in First Debate READ MORE The Declining Yen: A Look into Its Battle Against the Dollar READ MORE US Job Cuts Rise Sharply in January READ MORE Gold Prices Ease After Record Surge Amid Middle East Strife READ MORE Jobs Report Shakes Up Fed Rate Cut Expectations, Bolsters Dollar READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment