UBS maintain a US$2900 target for gold ...Middle East

UBS is sticking to its bullish gold forecast. says the move higher for equities and lower for gold is a 'highly optimistic' view for lower policy and political risk, this is prematureexpect US yields and US dollar to move into downtrend, which will support goldgold fundamentals, as a hedge and diversity play, are intact This article was written by Eamonn Sheridan at www.forexlive.com.

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