UBS: Gold to See Higher Highs, Higher Lows UBS predicts a bullish outlook for gold in 2024 and beyond, forecasting prices to reach $2,600 per ounce by the end of 2024 and potentially exceeding $2,800 over the next two years. This optimistic projection is based on strong central bank purchases, sustained physical demand, and ongoing macroeconomic and geopolitical uncertainties. UBS analysts believe these factors have effectively raised gold’s trading range and will continue to support higher prices, even as they expect some seasonal quietness during the summer months. The bank also sees potential upside catalysts in the second half of 2024, including the U.S. elections and concerns about the U.S. fiscal deficit. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts February Sees First Drop in Consumer Confidence Since November, Signaling Economic Unease READ MORE Fed’s Favorite Inflation Gauge Up 2.9% from a Year Ago READ MORE Federal Reserve's Critical Year: Balancing Inflation Fight and Interest Rate Cuts READ MORE Bonds Fall After ‘One-Two Punch’ of ISM READ MORE Gold Market at Crossroads: Record Prices Deter Chinese Buyers READ MORE Add a Comment Cancel replyYour email address will not be published.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