UBS projects a rebound for gold to USD 5,200/oz within 12 months, citing central bank support and structural US dollar weakness. Additionally, the firm views the recent dip in oil prices as temporary while identifying structural growth themes in European decarbonization.
Key Takeaways
- 1.Gold prices are expected to reach USD 5,200/oz over the next 12 months, viewing current levels as a buying opportunity.
- 2.Downward pressure on oil prices from recent US-Iran developments is expected to be temporary.
- 3.European heatwaves reinforce the long-term investment case for decarbonization and energy-efficiency infrastructure.
Table of Contents
- Why gold could stage a rebound
- Caught our attention
- Heatwaves reinforce Europe's structural investment case
- Market update
- Global asset class preferences definitions
- Appendix
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Authors
Min Lan TanMark Haefele
Securities
Brent Crude
Themes
Central Bank DemandDecarbonization
Regions
Asia PacificEuropeUnited StatesChinaPoland