"UBS Predicts Gold at $2,200 and Silver Outperformance in 2024 Amid Strong US Jobs Data"

UBS forecasts gold to reach $2,200 per ounce by the end of 2024, driven by expectations of U.S. Federal Reserve interest rate cuts and a weaker dollar. Silver is also expected to outperform, particularly if the Fed eases policy, with potential for a "dramatic" rise. The precious metals' appeal as safe haven assets has increased amid geopolitical uncertainty, with silver's performance tied to industrial applications. Gold last traded at $2,052 per ounce, while silver was priced at $22.69 per ounce.