Fed easing, geopolitical turmoil, rising demand will combine to push gold to $6,200/oz by mid-year – UBS

(Kitco News) – Gold has yet to reflect the full impact of the ongoing geopolitical escalation surrounding Iran, and once the Fed’s easing rate path and the overall market’s rising demand are considered, prices are likely to gain an additional $1,000 per ounce by June, according to analysts at UBS.