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Back Fundamental analysis
Gold slightly recovers
Despite yesterday's modest rebound, the biggest Wall
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Despite yesterday's modest rebound, the biggest Wall Street banks are simultaneously downgrading their gold forecasts. UBS expects prices to fall to $4,000–$3,850 per ounce in the coming months, and Citi yesterday cut its three?month target to $4,000 from $4,300. The consensus is clustering around a single level — and that is telling. The logic behind the short-term pessimism is clear. If a peace agreement between the US and Iran is signed in the coming days — and Trump has said as much — oil will
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Miroslaw Bawulski,
Analytical expert of InstaForex
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