Ubs (NYSE:UBS)
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1 Year : From Jun 2012 to Jun 2013
By Francesca Freeman
LONDON--Swiss bank UBS AG (UBS) Tuesday raised its short-term outlook on gold prices to reflect a gradual improvement in investor sentiment, a strengthening technical outlook and expectations of seasonally-strong demand.
The bank now sees gold averaging $1,700 a troy ounce in the month ahead, up 9.7% on previous forecasts. On a three-month basis, it sees gold averaging $1,750/oz, up 9.4% on earlier estimates.
Write to Francesca Freeman at francesca.freeman@dowjones.com
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