UBS remains long and increases its gold price target to USD 6,200/oz for March, June, and September 2026 (from usd 5,000/oz), with a projected modest decline to USD 5,900/oz by end-2026; projects an upside scenario target of USD 7,200/oz for gold
UBS's revision of its gold price target to $6,200/oz reflects a bullish outlook driven by ongoing macroeconomic factors.
US envoy Witkoff on war in Ukraine, thinks made a lot of progress and talks to continue in about a week; security and prosperity agreements largely finished and parties discussing the land deal
US President Trump says it looks like Hamas is going to disarm
UBS remains long and increases its gold price target to USD 6,200/oz for March, June, and September 2026 (from usd 5,000/oz), with a projected modest decline to USD 5,900/oz by end-2026; projects an upside scenario target of USD 7,200/oz for gold
General Motors (GM) two-shift schedule at Oshawa Assembly to start on February 2nd; approximately 500 employees to be laid off
Google (GOOGL) says beginning today, rolling out access to project Gene for Google AI ultra subscribers in US
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This increase suggests confidence in gold as a safe haven amid economic uncertainties, which could lead to stronger demand and influence positioning in both the gold market and related currencies. Traders should monitor how this forecast could shape market sentiment and impact asset flows into precious metals.
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