Gold to hit 3,100/oz by year-end: UBS
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UBS Investment Bank's Joni Teves predicts gold will reach $3,100/oz by the end of the year, reflecting a bullish outlook for 2025. The market sentiment for other metals like platinum and copper was also discussed.
March 13, 2025 | 2:15 am
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UBS Investment Bank's Joni Teves forecasts gold to reach $3,100/oz by year-end, indicating a bullish outlook for the metal. This prediction could influence investor sentiment towards UBS, given its involvement in the metals market.
UBS's bullish forecast on gold could positively impact its stock as it may attract investors interested in metals. The prediction suggests confidence in the market, potentially boosting UBS's reputation and investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80