Top
image credit: Pexels

Gold has ‘growing potential’ to break $1,800 an ounce, says UBS

May 4, 2020

Via: CNBC

Gold prices could “break the highs” seen earlier this year, after declining in March along with assets across the board, according to UBS Investment Bank’s Joni Teves.

“There is growing potential (for gold) to break $1,800 (per ounce) in my view,” Joni Teves, precious metal strategist at UBS Investment Bank, told CNBC’s “Squawk Box Asia” on Monday. In the near term, the firm has a target price for gold at $1,790 per ounce.

Read More on CNBC