Gold prices could 'break the highs' seen earlier this year, after declining in March along with assets across the board, according to UBS Investment Bank's Joni Teves.
There's "growing potential" for the price of gold to break $1,800 per ounce, according to UBS Investment Bank's Joni Teves.
A mark of 999.9 fine sits on hallmarked one kilogram gold bullion bars at the Valcambi SA precious metal refinery in Lugano, Switzerland, on April 24, 2018.could "break the highs" seen earlier this year, after declining in March along with assets across the board, according to UBS Investment Bank's Joni Teves.
Last week, the World Gold Council released its first-quarter 2020 demand trends report for the precious metal, where it highlighted that the"As the scale of the pandemic — and its potential economic impact — started to emerge, investors sought safe-haven assets," the report said. "Gold ETFs saw the highest quarterly inflows for four years amid global uncertainty and financial market volatility.
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