Market Overview

UBS Slashes Gold, Silver Outlook

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UBS AG (NYSE: UBS) cut its spot gold and silver outlook.

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

UBS shares dropped 2.36% to $11.16 in pre-market trading.

Posted-In: forecastNews Dividends

 

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