-
UBS maintains its gold price prediction at US$3700, while ANZ advises monitoring the jobs report
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)
- Comments / Top
- Subscribe
-
Related Stories
From bbc.com | Sep 2, 2025
The price of gold has hit a record high as demand for the precious metal remains strong amid global economic uncertainty. The spot gold price hit $3,508.50 per ounce early on Tuesday, continuing its upwards trend which has seen it rise by nearly a third this year. The precious metal is viewed as a safer asset for investors during times of economic ...
From home.saxo | Sep 1, 2025
In a week where the Dollar Index traded sideways, saw speculators add exposure to existing IMM futures positions, both long and short. Net buying of EUR, JPY, and MXN was offset by fresh selling of GBP, CAD, and AUD, leaving the overall dollar short against eight IMM contracts marginally reduced to USD 5.6 billion. Positioning remains skewed, with the ...
From brecorder.com | Sep 2, 2025
Asian stocks edged higher while the dollar lurked near five-week lows and gold climbed to a record high on Tuesday, as investors girded for a slate of economic data this week, including the crucial U.S. labour report on Friday. Markets widely expect the Federal Reserve to lower interest rates later this month, pricing in an 89% chance of a 25 basis point ...
