Despite recent geopolitical tensions, gold prices fell nearly 4% this week. UBS pointed out that a stronger US dollar and interest rate concerns are the main reasons for gold price pressure in the short term. However, the bank predicts that gold prices could rise 20% this year, reaching $5,900 to $6,200 per ounce, as gold can hedge against broader currency risks brought by conflicts.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin