Another day, another upgrade to gold price expectations. This time, the upgrade comes from UBS’s Global FX strategist Joni Teves, who believes that the price of the yellow metal could hit $1,340 an ounce in the second half of the year. Furthermore, Teves has raised his short-term price target to $1,400/oz from $1,250 previously—a forecast that was published back in April. For 2016, UBS’s average annual forecast for gold is $1,280 from $1,225 previously. A new gold bull run? It is the belief of analysts at UBS that gold is in the early stages of its next bull run. Whether…
On This Page
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
