Aspire Global Company Limited

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UBS remains bullish on gold prices over the next 12 months, citing expectations of future interest rate cuts, a weaker dollar, and continued gold purchases by central banks.

UBS remains bullish on gold prices over the next 12 months, citing expectations of future interest rate cuts, a weaker dollar, and continued gold purchases by central banks.

On Friday June 12 early trade, Shanghai Gold Exchange gold T+D rose 2.19% to 913.7 yuan/gram; silver T+D gained 4.45% to 16,008.0 yuan/kg.

UBS remains bullish on gold over the next 12 months, citing expected interest-rate cuts, a softer dollar and continued central-bank buying.