UBS economist foresees gold’s price rising to $2,300 per ounce in the near-term in the event of an escalation of geopolitical tensions. The yellow metal is trading near $2,000 at press time. Prices fell from $2,075 to $1,863 in the four days to Aug. 12, as the US treasury yields recovered from record lows. However, despite the recent pullback, UBS is retaining its year-end forecast of $2,000 per ounce. Indeed, with the Federal Reserve continuing to pump unprecedented amounts of liquidity alongside an uptick in inflation, a big pullback in gold looks unlikely. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZ PM Ardern: Not seeing a surge in community cases of coronavirus FX Street 2 years UBS economist foresees gold’s price rising to $2,300 per ounce in the near-term in the event of an escalation of geopolitical tensions. The yellow metal is trading near $2,000 at press time. Prices fell from $2,075 to $1,863 in the four days to Aug. 12, as the US treasury yields recovered from record lows. However, despite the recent pullback, UBS is retaining its year-end forecast of $2,000 per ounce. Indeed, with the Federal Reserve continuing to pump unprecedented amounts of liquidity alongside an uptick in inflation, a big pullback in gold looks unlikely. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
