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Caution warranted after the bullish UBS silver price forecast
UBS, the giant Swiss bank, has delivered an extremely bullish outlook for gold and silver prices. In a note, the bank’s analysts noted that gold could jump from the current $2,000 to over $2,200 later this year. If this view materializes, they hinted that silver price will do much better. UBS identified three key reasons why these precious metals will likely do well this year. First, they noted that the Federal Reserve and other central banks will likely start cutting interest rates this year as inflation cools. Jay Powell, the Fed Chair, has hinted that a cut will come even as he ruled out against a cut in its ... (full story)