-
Gold price will hit $6,200 by June, precious, industrial metals set for further gains as volatility eases – UBS’ Schnider
While commodity prices were volatile at the end of January, precious metals, oil, and industrial metals all posted gains for the month, and as volatility subsides, gold and other key commodities will enjoy supportive fundamentals, according to Dominic Schnider, Head of Commodities & APAC Forex CIO at UBS Wealth Management. “Precious metals prices, while volatile, rose in January as political, geopolitical, and economic uncertainties drove ‘safe-haven’ demand,” Schnider wrote in a commodity update on Monday. He also noted that copper hit a record high in late January before consolidating, while oil prices were ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From marketpulse.com | Feb 17, 2026
Happy Lunar New Year! Many Asian nations and people celebrate the beginning of the year of the Fire Horse, taking many essential commodity Markets off for this week. As detailed in our past day's Oil outlook, China being off can amplify moves in commodity markets, as the Shanghai Futures Exchange (where most Asian trading for metals occurs) is closed for ...
From finance.yahoo.com | Feb 16, 2026
Industrial metals had a subdued start to the week, with many Asian traders offline for the Lunar New Year break, and the US also closed. Copper was little changed below $12,900 a ton in London, consolidating after recent volatility. Aluminum edged lower after falling on Friday following a report US President Donald Trump may narrow the scope of import ...
From gold.org | Feb 17, 2026
The first six weeks of 2026 marked a record-breaking yet turbulent phase for gold. International gold prices scaled 12 all-time highs, breached US$5,400/oz,1 and then corrected sharply at the end of January. Despite the pullback, prices have largely hovered around the US$5,000/oz level,2 signifying resilience. January closed with a 14% gain,3 the eighth ...
