Gold prices rangebound as Fed reiterates higher-for-longer rates

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Here's where UBS sees gold at the end of 2024

February 26, 2024 11:00 PM EST

UBS analysts provided their outlook for gold in 2024 in a recent note, noting that demand for the yellow metal remains solid despite rates repricing

The bank acknowledged that despite a rapid repricing of Fed rate cuts to around 80bps in 2024 (from 160170bps) and a stronger US dollar, gold prices... More