Commodities prices to trend higher in 2023 and beyond – UBS
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The global commodities sector has come under pressure in March. But strategists at UBS remain most preferred in this asset class.
“We continue to see opportunities in longer-dated Brent Oil contracts with a price target of $100/bbl.”
“We also recommend a long Platinum trade, with a price target of $1,150 due to the metal’s close correlation to Gold.”
“We also see opportunities in selling the downside price risks in Crude oil, Copper, Nickel, Gold and Platinum.”
See – Gold Price Forecast: XAU/USD could reach end-March 2024 target of $2,100 earlier than expected – UBS
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