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UBS strategists in a note last week raised their forecasts for gold to $2,500 per ounce by the end of September, and $2,600 by year-end.
UBS strategists in a note last week raised their forecasts for gold to $2,500 per ounce by the end of September, and $2,600 by year-end.
Gold futures retreat from record highs but remain above $2,400 on safe-haven interest and prospects of US interest rate easing.
Central banks are in the midst of a gold buying spree, according to new numbers from the World Gold Council (WGC). The organization says central banks added $24 billion of gold, weighing 290 tonnes, to their coffers in the first quarter of this...
Tensions in the Middle East among factors driving up the price of precious metals