UBS bullish gold, forecast XAU/USD as high as US$2200 | Forexlive

UBS comments on gold, the TL DR version is analysts at the bank forecast:

UBS cite:

Gold tends to rise in periods when the US Dollar is weakening
Downside risks to the USD have risen alongside pricing of FOMC rate cuts
in the near term, prices are likely to remain sensitive to shifts in investor risk sentiment and interest rate expectations
rally for gold has further to run in the quarters ahead: 1. further safe-haven flows are likely as uncertainty about the economic growth outlook continues; 2. the US Dollar looks set to weaken further