UBS: Can Gold's Rally Resume? Yes, $4700 in Play

Mid-Cycle Setbacks are Temporary Historically

Gold’s Pause Before the Next Advance

Gold is trading close to our forecast for the rest of the year of USD 4,200 an ounce. However, lower real interest rates, a weaker dollar, and renewed concerns about rising government debt or geopolitical uncertainty could spur additional gains toward our upside case of USD 4,700/oz.