UBS Lowers Gold, Silver Forecast To Reflect Recent Drop
Fox Business reported that UBS lowered its forecasts for gold and silver.
Fox Business reported that UBS lowered its forecasts for gold and silver.
Reuters reported that UBS sees gold prices surpassing $2000 before the end of 2011.
By Kishori Krishnan Exclusive To Gold Investing News With friends like these, who needs enemies? Silver and gold have a new best friend amongst their midst – Ben Bernanke. His pronouncement has engineered one of the last decade’s most dramatic turnarounds, with gold price leaping nearly 60 bucks and silver joining in the melee with a [...]
Morgan Stanley and UBS raised their gold price forecasts on Wednesday, citing safe-haven demand for bullion amid turmoil in the banking sector and a gloomy outlook for the economy. For full story, click here
National Post reports UBS forecasts higher prices for several metals despite expectations for lower gold and silver prices for next year. UBS feels a firming of the U.S. dollar, inflation fears subsiding in developed markets and risk in general being lower in 2009 will all contribute to lower price for gold and silver. For complete story, click this [...]
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