- Global developments include the Fed's potential impact on gold, China's dollar bond sale in Saudi Arabia, and Huawei launching a new OS.
- Market expectations of future rate hikes and FED policy impacts on safe haven assets like gold and Bitcoin led to significant price volatility.
- Major financial institutions (UBS, BoA, Goldman Sachs) provided optimistic outlooks on the gold market.
UBS and Goldman Sachs have issued updated targets for gold prices, with UBS cutting its year-end forecast to $4,900/oz.
1 report, 1 independent
Updated Jun 26
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What happened
UBS and Goldman Sachs have issued updated targets for gold prices, with UBS cutting its year-end forecast to $4,900/oz.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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UBS
Swiss multinational investment bank and financial services company
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Goldman Sachs
American investment bank