UBS forecast gold to USD2900 ...Middle East

UBS gold forecasts from a note on rising conflict in the Middle East:end of 2024 forecast is to USD 2,750by Q4 2025 to USD 2,900In brief from the note:anticipate that global markets will face occasional disruptions but do not foresee a full-scale conflict between Israel and Iranexpect energy flows from the Middle East to continue largely uninterruptedequities should be bolstered by a soft economic landing in the US, accompanied by Federal Reserve rate cuts, strong corporate earnings, and optimism regarding the commercialization of artificial intelligenceGold remains appealing as a hedge against geopolitical risks and possible shifts in US policy related to the upcoming election. Gold is also

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