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Gold Price Forecast: XAU/USD to fall towards $1,800 by year-end – UBS

Economists at UBS expect gold price to stabilize around $1,950 by June before reversing back lower towards the $1,800 level by end-2022.

Metal markets have limited room for fresh shortfalls

“We have lifted our gold forecasts given its hedging attributes during periods of elevated uncertainty, with the precious metal projected at $1,950/oz by June before easing to $1,800/oz by year-end. 

“On a relative basis, platinum remains for us the most attractive precious metal.”

“With spot gold prices above our forecast, we don't think investors should accumulate at present.”

 

NZD/USD sticks to gains near mid-0.6800s, weaker risk tone to cap gains ahead of US CPI

The NZD/USD pair held on to its modest intraday gains through the first half of the European session and was last seen trading near the daily high, ar
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EUR/GBP takes pleasure in more optimism around a de-escalation in Ukraine – ING

According to economists at ING, the pound is not the main beneficiary of diplomatic optimism. Therefore, the EUR/GBP pair should profit from encouragi
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