Gold has 'growing potential' to break $1,800 an ounce, says UBS

  • 📰 CNBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Gold prices could 'break the highs' seen earlier this year, after declining in March along with assets across the board, according to UBS Investment Bank's Joni Teves.

There's "growing potential" for the price of gold to break $1,800 per ounce, according to UBS Investment Bank's Joni Teves.

A mark of 999.9 fine sits on hallmarked one kilogram gold bullion bars at the Valcambi SA precious metal refinery in Lugano, Switzerland, on April 24, 2018.could "break the highs" seen earlier this year, after declining in March along with assets across the board, according to UBS Investment Bank's Joni Teves.

Last week, the World Gold Council released its first-quarter 2020 demand trends report for the precious metal, where it highlighted that the"As the scale of the pandemic — and its potential economic impact — started to emerge, investors sought safe-haven assets," the report said. "Gold ETFs saw the highest quarterly inflows for four years amid global uncertainty and financial market volatility.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

2100

It will in next 3 weeks, new all time high on the way

Goldbroker_com Dear all those who are looking to purchase diamonds and gold please talk to me. official above board deals only.

andrew_neal7 Look at GreatlandGold best UK gold stock imo -biggest gold discovery globally -24bn co NewcrestMining $ncm funded for decline and mining -now stage 3 of farm in agt -compared to kalgoorlie super pit in 🇦🇺 -93km drilling left -imo v possible Newcrest buy out ggp fair value

Naw it will go a lot higher once the us defaults on its China debt using the virus as an excuse.

Great Hope it stays high until I sell my wedding rings!

And bitcoin $20000

sunchartist special focus on

Silver_Watchdog $1800 eh. That's about as safe as betting that I might get something in the mail this week.

Don't forget to buy bitcoin

$GLD 1 ETF Inflows in April

With the printing presses running hot and a spot market further detaching from futures prices, it should already be trading at $1,800+

$GLD breakout

Time to buy $GOLD GoogleTrends

The Only Buy asset class

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines