UBS Maintains Year-End Gold Forecast at $5,600/oz, Silver at $100/oz

UBS maintains its year-end forecast for gold at $5,600 per ounce and silver at $100 per ounce. The bank cited compressed real interest rates—driven by rising inflation and the Federal Reserve holding rates steady—as a key support factor for precious metals. UBS noted that despite gold price pressure since Iran conflict escalation, sustained investor demand and continued central bank purchases remain supportive.
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