3 Top Stocks to Buy as Gold Prices Rise in July 2024
UBSUBS(UBS) Investor Place·2024-07-12 18:00

Gold prices have surged in 2024 and judging by the latest analyst commentary, this trend is unlikely to stop anytime soon. UBS (NYSE:UBS) updated its gold price forecasts recently, raising its expectations for the precious metal's future performance. The bank's Chief Investment Officer (CIO) now anticipates gold to reach 2,500perouncebytheendofSeptember,upfromthepreviousforecastof2,500 per ounce by the end of September, up from the previous forecast of 2,400. Moreover, the year-end projection for 2024 has been increased to 2,600perouncefrom2,600 per ounce from 2,500, with the sa ...