Bloomberg News

Rising Oil Prices Could Send Gold “Much Higher,” UBS Says

February 27, 2012

Rising oil prices could send gold “much higher” as higher energy costs will likely curb global growth, according to UBS AG. (UBSN)

“In addition to geopolitical risk premium and the impact of elevated oil prices on inflation expectations, the potential for expensive oil to put a drag on global growth also has upside implications for gold,” Edel Tully, a London-based analyst wrote in a report today.

To contact the editor responsible for this story: Maria Kolesnikova at mkolesnikova@bloomberg.net


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus