Bad news from the Swiss bank to gold investors: Prices will fall in the short term

UBS, which reduced its gold forecasts by 300 to 900 dollars per ounce upon strong data from the USA and expectations that the Fed will postpone interest rate cuts, predicted a decline to the range of 3 thousand 850 - 4 thousand dollars in the short term, while maintaining its positive expectation on the 12-month outlook due to the physical purchases of central banks.