UBS Lowers Gold, Silver Forecast To Reflect Recent Drop

Fox Business reported that UBS lowered its forecasts for gold and silver.

As quoted in the market news:

UBS lowered its 1-month average spot gold price by 9% to $1,775/oz and its 3-month average spot gold price by 7.1% to $1,950 a troy ounce. It also lowered its 1-month average spot silver price 30.4% to $32/oz and its 3-month average spot silver price 30% to $35/oz.

Click here to read the entire Fox Business report.