Swiss Bank UBP Buying Gold Again, Forecasting $6,000 Year-End

Union Bancaire Privée said it is buying gold again after reducing a sizable position during an Iran war-driven selloff, signaling renewed confidence in the metal's long-term outlook. The move highlights gold's role as a geopolitical hedge and suggests positioning remains supportive despite recent volatility.

Analysis

Union Bancaire Privée said it is buying gold again after reducing a sizable position during an Iran war-driven selloff, signaling renewed confidence in the metal's long-term outlook. The move highlights gold's role as a geopolitical hedge and suggests positioning remains supportive despite recent volatility.