UBS raises gold price target to $5,000/oz by H1 2027 after gold jumps 2% on soft US jobs report
UBS states gold's rally has real support and calls for prices to reach $5,000/oz by H1 2027. Gold jumped 2% Friday after a soft US jobs report cooled Fed rate hike bets, now up 8%+ in five sessions near $4,400/oz. A separate German-language report corroborates that the July jobs report reversed gold's weeks-long stagnation as US job losses pushed yields down.
Detected & updated continuously · Source: Nebula
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@LarkDavis
UBS thinks gold's rally has real support, and they're calling for prices to hit $5,000/oz by H1 2027. The move so far: gold jumped 2% Friday after a soft jobs report cooled Fed rate hike bets, now up 8%+ in five sessions and sitting near $4,400/oz. Behind UBS's bullish case: https://t.co/pdNuEmFedi
@morecryptoDE
Gold verlor wochenlang gegen ein Sparkonto. Ein Jobbericht änderte das Wochenlang ging Gold nirgendwohin, gedrückt von hohen Anleiherenditen, während Krieg und Inflation tobten. Der Juli-Jobbericht drehte das. Als die USA Stellenverluste meldeten und die Renditen fielen, sprang https://t.co/np0uehTjdL