UBS Reiterates "Spot to $2600/oz by Year End and $2700 by mid 2025"

UBS is notoriously conservative but also protective of a large client base of long investors and wealth managers.

We remain Most Preferred on gold in our global asset allocation, with a target of USD 2,600/oz by the year-end and USD 2,700/oz by mid-2025.

Contents: (865 words)

1. Bottom Line

2. (Very) Important Context

3. UBS Key Factors

4. Market Forecast

5. Central Bank Activity

6. Investment Recommendations

7. Historical Comparisons