Gold Price Forecast: XAU/USD to sink towards $1,650 by end-2022 – UBS

Gold has established above the $1,800 level. However, strategists at UBS expect the yellow metal to move downward and hit the $1,650 mark by the end of the year.

Silver to gradually drop towards $19/oz by end-2022

“We expect gold prices to fall to $1,650/oz by end-2022.”

“Silver is likely to gradually decline this year and reach $19/oz by end-2022.”