Gold Research
UBS backs de-dollarization trend, lifts gold target to $5,400 an ounce
Summary: The DXY dollar index has fallen 2.4% over the past month amid renewed concerns over the US fiscal outlook, according to UBS UBS expects a gradual…
Summary: The DXY dollar index has fallen 2.4% over the past month amid renewed concerns over the US fiscal outlook, according to UBS UBS expects a gradual, medium to long-term dollar depreciation trend to persist despite possible near-term support from Middle East tensions and higher oil prices, citing US fiscal concerns, trade policy uncertainty and reserve diversification Gold has risen around 15% this month, and UBS forecasts it reaching $5,400 an ounce over the next 12 months, supported by r
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Summary: The DXY dollar index has fallen 2.4% over the past month amid renewed concerns over the US fiscal outlook, according to UBS UBS expects a gradual, medium to long-term dollar depreciation trend to persist despite possible near-term support from Middle East tensions and higher oil prices, citing US fiscal concerns, trade policy uncertainty and reserve diversification Gold has risen around 15% this month, and UBS forecasts it reaching $5,400 an ounce over the next 12 months, supported by r
- UBS
- $5,400/oz
- the next 12 months
- 2026-08-26
- Source: https://investinglive.com/forex/ubs-backs-de-dollarization-trend-lifts-gold-target-to-5-400-an-ounce
Topics: UBS, gold research report, gold price target