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UBS Raises Gold Price Forecast Amid Rising Central Bank Demand and Geopolitical Tensions

UBS Raises Gold Price Forecast Amid Rising Central Bank Demand and Geopolitical TensionsUBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include softer U.S. economic data, increased central bank demand, and ongoing geopolitical uncertainties. UBS Revises Gold Price Prediction […]

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Egyptian Billionaire Remains Bullish on Gold, Says It’s Wrong to Compare Precious Metal to Bitcoin

Egyptian Billionaire Remains Bullish on Gold, Says It’s Wrong to Compare Precious Metal to BitcoinEgyptian billionaire Naguib Sawiris has said he remains bullish on gold and has no intention to invest in cryptocurrencies like bitcoin because such investment is a very risky business. Sawiris Says Gold Still Safe-Haven Asset In his remarks published by The National News, the billionaire reveals he believes it is wrong for people to make […]

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Poland’s Central Bank Says It Will Add 100 Tons of Gold to Existing Holdings in 2022

Poland’s Central Bank Says It Will Add 100 Tons of Gold to Existing Holdings in 2022The Polish central bank, the National Bank of Poland (NBP), is reportedly planning to raise its gold reserves by 100 tons in 2022. According to bank governor Adam Glapinski, the objective of this decision is to prepare Poland for “the most unfavourable circumstances.” Gold’s Safe Haven Status In his remarks during an interview with the […]

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