UBS CUTS GOLD TARGETS AS FED RATE CUTS DELAYED
UBS lowered its gold forecasts by $300–900 per ounce, citing stronger U.S. data and delayed Fed easing expectations. The bank sees near-term pressure pushing gold toward $3,850–4,000/oz as higher yields and a stronger dollar weigh on prices. However, UBS remains bullish over 12 months, citing future rate cuts, dollar weakness, and continued central bank gold buying.