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UBS analysts call for £1,691 ($2,100) by the end of the year

Analysts from the bank UBS say that they expect gold to continue its bullish momentum through the end of the year and into 2024. With the yellow metal growing stronger every week, the bank’s economists see a host of supportive factors aligning to ignite a run to record highs.

“Gold tends to rise in periods when the US Dollar is weakening, and downside risks to the greenback have risen alongside money market pricing of Federal Reserve rate cuts,” they said. “While volatility can be expected in the near term, we now expect the precious metal to hit £1,691 ($2,100) by year-end, and £1,772 ($2,200) by March 2024.”

Time is of the essence if you want to secure your gold investment before those new high prices are set. Don’t delay. Buy now.

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