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 Oil Prices Steady Near Two-Month High on Significant U.S. Crude Drawdown READ MORE Triple Threat: U.S. Stocks, Gold, and Dollar Defy Economic Logic READ MORE Bank of America's Largest Shareholder Berkshire Hathaway Offloads Another $228.7M READ MORE Labor Market Cooling Sparks Recession Fears in U.S. Economy READ MORE BullionStar Financials FY 2022 – Year in Review READ MORE Add a Comment Cancel replyYour email address will not be published.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