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11 Dec 2017
‘Short-term pain seen for gold’ - UBS
Bloomberg reported comments from Dominic Schnider, Head of Commodity & APAC FX, UBS Wealth Management, expressing his view on gold in 2018.
Key Points:
Short-term pain seen for gold.
Gold in 2018 may see price around $1200/oz.
Stronger physical demand likely towards end of 2018.
Oil could slide to $57/bbl short here.