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UBS Reaffirms Gold’s Bullish Trajectory Despite Recent Dip, Targets $4,200
UBS Reaffirms Gold’s Bullish Trajectory Despite Recent Dip, Targets $4,200
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BTCCSquare news:
UBS has dismissed gold's recent price correction as temporary, projecting a rebound to $4,200 in its next upward cycle. The banking giant cites central bank accumulation and structural demand as catalysts for renewed momentum. Technical analysis suggests even loftier targets NEAR $4,700 if macroeconomic conditions persist.
Market observers note gold's grinding ascent allows mining equities to play catch-up. Rashad Hajiyev, a prominent analyst, posits the precious metal could vault toward $5,000 with relative ease during its next impulsive wave—a sentiment echoed across institutional research desks.
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