Gold Price Forecast: XAU/USD to fall towards $1,800 by year-end – UBS
|Economists at UBS expect gold price to stabilize around $1,950 by June before reversing back lower towards the $1,800 level by end-2022.
Metal markets have limited room for fresh shortfalls
“We have lifted our gold forecasts given its hedging attributes during periods of elevated uncertainty, with the precious metal projected at $1,950/oz by June before easing to $1,800/oz by year-end.
“On a relative basis, platinum remains for us the most attractive precious metal.”
“With spot gold prices above our forecast, we don't think investors should accumulate at present.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.