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UBS Unfazed by Gold Pullback: Maintains Long Position, Raises Bullish Scenario Price Forecast to $4900

20/11/2025

According to the Securities Times app, UBS raised its bullish forecast for the price of gold from $4700 per ounce to $4900 per ounce on Thursday. The bank still believes that gold is attractive and maintains a bullish stance in its global asset allocation. It also stated that even at the current price, this metal remains an effective investment portfolio hedging tool.

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