Gold has pulled back sharply from its January highs. Union Bancaire Privée (UBP) is not moved. It’s not budging. The Swiss private bank, which manages approximately $233 billion in client assets, reaffirmed its $6,000 per ounce gold price target on April 13, even as gold trades roughly 15% below its January all-time high of approximately $5,600. The bank is also actively rebuilding its gold positions after cutting exposure during the Iran war selloff. UBP cut its gold allocation from approximately 10% to 3% of discretionary client portfolios during the Iran war-driven slump, according to FinanceMagnates. It has since ... (full story)