Will gold shine again soon as attentions increasingly turn to inflation and interest rates

UBS says gold should regain momentum after a sharp pullback, even as it trimmed its year-end forecast to US$5,500. The call is cautiously constructive for bullion, but the lowered target signals less upside than previously expected. The article is mainly notable as analyst commentary on gold rather than a new macro catalyst.

Analysis

UBS says gold should regain momentum after a sharp pullback, even as it trimmed its year-end forecast to US$5,500. The call is cautiously constructive for bullion, but the lowered target signals less upside than previously expected. The article is mainly notable as analyst commentary on gold rather than a new macro catalyst.