{
}
Goldman Sachs maintains its forecast of $3,000 per ounce of gold by December 2025, while UBS targets $2,900, citing US political uncertainty and structural demand from central banks as key factors. Both banks recommend gold as a hedge against inflation and geopolitical risks, with UBS suggesting a 5% allocation in a balanced dollar portfolio. They also see $2,500 as a strong support level for gold prices.
Goldman Sachs maintains its forecast for gold at $3,000 per ounce by December 2025, citing structural demand from central banks and potential Fed rate cuts as key drivers. UBS is slightly less optimistic, targeting $2,900, and suggests capitalizing on price declines, with strong support at $2,500. Both firms highlight gold as a hedge against inflation and geopolitical risks, recommending a 5% allocation in a balanced dollar portfolio.
Goldman Sachs maintains its forecast for gold to reach $3,000 per ounce by December 2025, citing strong structural demand from central banks and potential Fed rate cuts as key factors. UBS is slightly less optimistic, predicting a price of $2,900 and suggesting that current declines present a buying opportunity, with strong support at $2,500. Both firms highlight gold"s role as a hedge against inflation and geopolitical risks.
The Swiss stock market showed minimal movement, with the SMI down 0.07% to 8215.17 points and the SPI down 0.04% to 8908.21 points. Credit Suisse saw a surprising profit but fell 2.25%, while UBS and Julius Bär also declined. Defensive stocks like Nestlé and Roche had mixed results, and Logitech surged 7.83% in the broader market.
The Swiss stock exchange started the week positively, with the SMI Guiding Values Index rising 1.51% to 7982.44 points, while the SPI gained 1.50% to 8311.73 points. The market's optimism is fueled by increasing oil prices, benefiting companies like Transocean and cyclical stocks such as ABB and Adecco. Notable gains were also seen in banking and insurance sectors, with UBS and Swiss Re performing well, while EFG International faced a decline after announcing its acquisition of BSI.
UBS has reaffirmed its 'buy' recommendation for ArcelorMittal, maintaining a price target of 26.5 euros, indicating a 15% upside potential. The firm's EBITDA exceeded expectations by 6%, which is viewed positively, especially given the lack of profit warnings in the steel sector.
UBS has maintained a 'buy' recommendation for Tesco, setting a target price of 410 pence, indicating a 20% upside potential for the retailer's shares. This comes after Tesco completed the sale of its banking business and announced a new £700 million share buyback program, following a previous £1 billion initiative.
UBS has maintained its 'buy' rating on Schneider Electric, raising the target price from €260 to €270, indicating a 12% upside potential. The firm highlights strong thematic growth and a slight increase in earnings expectations, suggesting a promising outlook for the company.
UBS has raised its price target for Hermès International from €2,390 to €2,515, indicating a potential upside of 21% for the luxury brand's shares. The firm maintains a 'buy' recommendation following solid double-digit growth in the third quarter, with strong performance across most regions, except for APAC (excluding Japan).
A O Smith shares experienced a positive trend following UBS's upgrade from "Sell" to "Neutral" on October 23, 2024. As of October 24, the share price was EUR 71.76, reflecting a slight daily gain, despite a monthly loss of 10.39%. The company boasts a market capitalization of EUR 8.6 billion and a dividend yield of 1.55% for 2024, indicating its ongoing appeal in the water technology sector.
UBS
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
gold prices forecasted to reach three thousand dollars by end of 2025
17:37 18.11.2024
gold prices forecasted to reach three thousand dollars by end of 2025
16:37 18.11.2024
goldman sachs and ubs maintain gold price forecasts for 2025
16:37 18.11.2024
Swiss stock market shows minimal movement amid mixed corporate earnings and monetary policy concerns
Richemont DNS Inc.
Julius Bär Stiftung
Novartis AG
Logitech SA
Clariant AG
Hoffmann-La Roche AG
Swatch AG
Credit Suisse Anlagestiftung
Swiss Life AG
Swiss Re AG
Zurich Insurance Group AG
ABB Ltd
UBS AG
LafargeHolcim Ltd.
Nestlé S.A.
BOBST MEX SA
Basel Cantonal Bank
Adecco Group AG
CHE
Swiss Re
Novartis
Roche
Nestlé
Bobst
Zurich
Logitech
Julius Bär
ABB
LafargeHolcim
Swatch
Credit Suisse
UBS
Richemont
Basel Cantonal Bank
Adecco
Swiss Life
Clariant
Show more
18:41 09.11.2024
Swiss stock exchange rallies as oil prices rise and key stocks gain
United States Dollar
Julius Bär Stiftung
Adecco Group AG
Hoffmann-La Roche AG
Nestlé S.A.
LafargeHolcim Ltd.
ABB Ltd
Swiss Re AG
Transocean Ltd.
Novartis AG
UBS AG
Zurich Insurance Group AG
EFG International AG
Credit Suisse Anlagestiftung
FRA
CHE
EFG International
Novartis
Adecco
Transocean
Nestlé
ABB
Julius Bär
Swiss Re
Roche
Zurich
UBS
LafargeHolcim
Credit Suisse
Show more
20:10 08.11.2024
ubs maintains buy rating on arcelormittal after strong quarterly results
10:19 08.11.2024
Tesco completes banking business sale and announces new share buyback program
11:55 04.11.2024
UBS raises price target for Schneider Electric amid strong earnings outlook
10:24 31.10.2024
ubs raises hermès price target to 2515 euros with strong growth outlook
10:15 28.10.2024
A O Smith shares rise after UBS upgrades rating to neutral
20:12 24.10.2024
Trending
Subcategory
Startups & Entrepreneurship
Industry Trends
Corporate News
Private Equity Deals
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
CEO Changes
Government Economic Policies
Corporate Social Responsibility
Industry Mergers & Acquisitions
Workplace Trends
Energy Sector Developments
Venture Capital Investments
Fintech Startups
Finance Mergers & Acquisitions
AI Innovations
Market Analysis and Predictions
Intellectual Property Laws
Central Bank Actions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Tesla, Inc.
Salesforce, Inc.
Garuda Aerospace Ltd.
Huawei Technologies CO. Ltd.
Bharti Airtel Ltd.
XPeng Inc.
Microsoft Corporation
Venturewave Capital NO.1 Ltd.
Semler Scientific, Inc.
TENCENT
Wipro Ltd
OpenAI ERC USD
Orange S.A.
IDBI Bank Limited
Standard Chartered Bank
LENOVO GROUP
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Saudi Riyal
Japanese Yen
Malaysian Ringgit
British Pound Sterling
Mexican Peso
Brazilian Real
New Taiwan Dollar
Bahraini Dinar
Qatari Riyal
Pakistani Rupee
Kuwaiti Dinar
Vietnamese Đồng
South Korean Won
Algerian Dinar
People:
Donald Trump
Mark Zuckerberg
Bisrat Degefa
He Xiaopeng
Abdel Fattah El-Sisi
Anmol Singh Jaggi
Puneet Singh Jaggi
Sari Sabban
David Watkins
Simon Moon
Anas Algahtani
Matt Jones
Ayman Hamdan
Elon Musk
Allen Law
Xi Jinping
Anwar Hussain
Sultan Ibrahim ibni Sultan Iskandar
Prashant Joshi
Albinder Dhindsa