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    Lunch Wrap: ASX on track for third day of gains; UBS says gold could hit US$3200

    18.3.2025

    Gold is holding steady above US$3000 this morning as US economic weakness stokes recession fears, and boosts hopes for rate cuts. UBS has now raised its gold price target to US$3200, saying “inflows into gold ETFs have accelerated, driven by uncertainties, central bank demand, and the Fed's outlook.” 1 hour ago

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