UBS Expects Gold Prices to Rise as US Dollar Weakens – ‘Gold Rally Has Longer Run’

Global investment bank UBS predicts continued pressure on the US dollar and further increases in the price of gold. “We expect the US dollar to remain under pressure as yield spreads narrow,” UBS explained, adding: “Gold’s recovery must continue.” UBS pointed out that gold has gained more than 24% this year as a result of increased investment demand and expects (…)