UBS Downgrades Gold Price Forecasts Amid Fed Uncertainty
UBS has revised its gold price projections downward, citing a shift in market expectations regarding Federal Reserve interest rate policy. Analysts now anticipate that the central bank will maintain higher interest rates for a longer duration than previously modeled, placing renewed pressure on non-yielding bullion. The adjustment reflects a broader cooling of investor enthusiasm as inflation data complicates the timing of upcoming monetary easing cycles.