Gold Price Forecast: XAU/USD to fall towards $1,800 by year-end – UBS

FXStreet Insights Team FXStreet

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.”

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FXStreet Insights Team

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The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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