Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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We use the latest online security processing,
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We DO NOT disclose any customer
information to ANY third party company.
Our customer privacy is our priority.
Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
UBS Says It's Staying Long Gold as Price Now Destined for $1,600
Yahoo Finance- "Gold will extend its winning ways as the U.S.-China standoff harms growth, risking a deeper slowdown and inviting more central-bank easing, according to UBS Group AG, which jacked up price forecasts with a prediction the precious metal may hit $1,600 within three months. 'The trade war between the U.S. and China has escalated to a new level,' Giovanni Staunovo and Wayne Gordon, analysts at the wealth-management unit, said in a report received on Monday. 'Gold has demonstrated its safe-haven qualities and we stay long the metal, a trade we initiated in mid-May.' UBS has a six-month forecast of $1,600 and 12-month view of $1,650. Previously, both the half-year and 12-month outlooks were set at $1,500. Futures pared gains in an abrupt move on Monday after earlier rallying as much as 1.8% to $1,565 an ounce, the highest since 2013."
