UBS is 'very bullish on gold,' says prices could stay high longer

"We are very bullish on gold. We think that the prices will go higher and what is interesting is we think it will stay higher for longer than expected," Yeoh Choo Guan, the bank's head of Asean global markets, told CNBC'sShe said the bank has raised its forecast for gold next year from $1,850 to $2,100 per ounce.was trading at around $1,953 on Friday — roughly 29% higher than where it was at the start of the year.

"So recently we have a retracement in the equity market. What was interesting is that gold was very resilient despite the equity's pullback, suggesting that there's ongoing buying support," she said. REITs are publicly traded companies that manage a portfolio of properties such as shopping malls, hotels and offices. They typically attract investors who want a steady and regular dividend payout.In addition to gold, Yeoh said she's also bullish on Southeast Asian stock markets.

I’m really glad I’ve been buying cheap $KGC calls the last few months... 🤑gold

Bitcoin will outperform gold by a factor of 10.

TheMightyVigil

Idiot analysts trying to sell you their calls when the dollar is about to rip face after the euro falls Sunday

GOLD IS HEADING TO 2700 BY FEB AND 3500 BY JULY...

People worry about money, but really, we should focus more on loving each other.

Well DUH

Lol 🤣🤣😂😂🤣🤣😂🤣not could (will rise) as you lie to the people and keep rising just because the feds throwing paper at gold prices of course it will go down a little bit but then keep on rising

Here comes the war in Africa

About time for nato to steal gold in russia. African gold is looted to the barebone already.

tickerstats_ love me some $GLD

Everytime you see this... sell. It means they are trying to sell you their gold at at high price!

September is always a Gold/Silver killer

ubs is bullish on literally everything

FireJimCramer

When everyone buys price goes up then they dump it big time. Don't be fooled by this brokerage crumbs picking scavengers!

They are giving out gold?

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