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Gold has ‘growing potential’ to break $1,800 an ounce, says UBS

“There is growing potential (for gold) to break $1,800 (per ounce) in my view,” Joni Teves, precious metal strategist at UBS Investment Bank, told CNBC’s “Squawk Box Asia” on Monday. In the near term, the firm has a target price for gold at $1,790 per ounce.  

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Allocate 10-15% to gold as stage set for global recession: Peter Cardillo

It is a very serious situation. Oil prices collapsing is not good for the global economy and certainly not for the US economy. Quite obviously, Russia’s decision not to join Saudi Arabia and rest of OPEC is politically motivated.

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Goldman says it's time to buy gold as fear spreads across global markets

Goldman Sachs says now is the time to buy gold, the safe-haven asset, amid market panic over the impact of the growing coronavirus pandemic. The commodity, which is considered "the currency of last resort," has slumped lately as investors sell the safe asset for dollars, according to a Monday note from analysts led by Jeffrey Currie.

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