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February 23rd, 2012 
admin Xinhua, Beijing, 223 day UBS analyst 23 expected, driven by increased global liquidity and risk aversion, the current price of gold will reach $ 2,025 an ounce.
UBS Group Managing Director, UBS global commodities and raw materials strategist He Peide day in Beijing, said commodity recent trend of strong contrary to a lot of people expected, mainly due to two: one is that the U.S. economic recovery is better than expectations, especially the strong recovery of employment and real estate markets; followed by the European Central Bank launched a long-term refinancing operations (LTRO) pumped massive amounts of liquidity to the market.
Track 27 kinds of commodity prices, UBS Bloomberg CMCI index of 22 to close at 1668.83 points, this has risen by 8.26%. All commodities, gold trend is particularly strong. The New York Mercantile Exchange, gold futures contract 22 to close at $ 1,771.3 an ounce, this cumulative gains nearly 15%.
He Peide
gold being sought after as a “safe haven” in times of instability in the global economy, from a fundamental perspective, is expected today gold is still a shortage situation, therefore, continue to see high gold this trend. However, he stressed: “Gold can not always be viewed as a ‘safe haven’.” When the global economy to stabilize, central banks began raising interest rates, gold prices will face more downward pressure. UBS expects the next gold prices will fall to $ 1,725.
The
whole, He Peide this global commodity prices will appear to differentiate. Out of supply and demand fundamentals and geopolitical and other factors to consider, UBS today to see more commodities: gold, oil, coal, platinum, soybeans and natural gas; bearish commodities: aluminum, nickel, corn, uranium, paper, steel, cement and cotton; uncertain prospects of the commodities: copper, coking coal, zinc, wheat, iron ore.
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