Gold could top $2,000; dollar to fall further: UBS – ZAWYA

  • Date: 28-Jul-2020
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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Gold could top $2,000; dollar to fall further: UBS – ZAWYA

gold could top $2,000; dollar to fall further: ubs geopolitical uncertainty provides support for gold, weakens us currency    gold bars are seen at the austrian gold and silver separating plant 'oegussa' in vienna, austria, march 18, 2016. image used for illustrative purposes.the price of gold could hit more than $2,000 an ounce this year as investors turn to safe-haven assets amid escalating us-china tensions and spiking coronavirus cases, while the us dollar could weaken further, according to latest analysis.the precious metal, which has continued to reach new highs, will likely reach $2,000 an ounce by end of september and end of december, analysts at ubs said on tuesday."we remain positive on gold and have added the yellow metal to our most preferred asset list,“ ubs said in its research note.the precious metal, which has continued to reach new highs, will likely reach $2,000 an ounce by end of september and end of december, analysts at ubs said on tuesday.the price of gold could hit more than $2,000 an ounce this year as investors turn to safe-haven assets amid escalating us-china tensions and spiking coronavirus cases, while the us dollar could weaken further, according to latest analysis."we remain positive on