Loading ...The usually-conservative Swiss bank UBS has upped its forecast for the price of gold for the second time in less than two months.
Now it says the price for the yellow metal could reach as high as $1,730 a troy ounce next year, up $50 from an August forecast, a recent UBS report states. The note last month pointed to the possibility of $1,680 over the same timeframe.
If gold did soar that far it would be 17% above the recent price of $1,469.