UBS lowers end-June gold forecast to USD 5,200/oz, amid softer investor demand amid elevated volatility.
UBS's lowered end-June gold forecast to USD 5,200/oz reflects a notable decrease in investor demand amid prevailing volatility.
German S&P Global Services PMI Final (Mar) 50.9 vs. Exp. 51.2 (Prev. 53.5)
Brazil is to sell EUR-denominated bonds
UBS lowers end-June gold forecast to USD 5,200/oz, amid softer investor demand amid elevated volatility.
French S&P Global Services PMI Final (Mar) 48.8 vs. Exp. 48.3 (Prev. 49.6)
French S&P Global Composite PMI Final (Mar) 48.8 vs. Exp. 48.3 (Prev. 49.9)
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This adjustment could signal broader concerns about gold's safe-haven appeal, particularly in the current market environment, which may ripple through metal prices and impact related currencies given gold's historical correlation with USD and inflationary pressures.
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