UBS maintains its 12-month forecast for gold at USD 3,700 per ounce by the end of June 2026. This prediction is based on anticipated lower US interest rates, which generally favour non-interest-bearing assets like gold. UBS also believes that ongoing geopolitical risks will support gold prices. They suggest that reduced real rates will further benefit gold in the near future. ANZ, taking a short-term perspective, advises monitoring the US jobs report. The expectation is that precious metals, including gold, will see a price rally if the Federal Reserve decides to cut rates in September. The upcoming US jobs report is ... (full story)