UBS lowers gold price forecast
By GCRU Gold News on Monday, March 9 2015, 22:18 - Permalink
“Within a three-month time-frame, we expect the precious metals complex to come under pressure mainly on the back of gold, as market participants anticipate the first Fed rate hike,” the bank said.
The one-month gold price forecast was revised to $1,200 per ounce, from a previous $1,240, while the three-month estimate was altered to $1,170 from $1,200.