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home / news releases / UBG - The De-Escalation Of The Trade War Could Be Bullish For Gold And A Look At UGLD


UBG - The De-Escalation Of The Trade War Could Be Bullish For Gold And A Look At UGLD

As we head into 2020, gold is just under 15% higher than at the end of 2019. The yellow metal reached its all-time high in 2011 at $1920.70 per ounce. After a correction that took the price to $1046.20 in late 2015, gold traded below the post-Brexit peak of $1377.50 until June. The precious metal had not traded below $1,000 per ounce since 2009 and was in a $331.30 range since 2014.

After an extended period of sideways trading and price consolidation, 2019 turned out to be the year gold made a statement.

Gold is

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Stock Information

Company Name: UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641810
Stock Symbol: UBG
Market: NYSE

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