BRIEF-UBS Retains Bullish View on Gold Over The Next 12 Months

Reuters12-18

Dec 18 (Reuters) - UBS:

* RETAINS BULLISH VIEW ON GOLD OVER THE NEXT 12 MONTHS; SEES PRICES REACHING $2,900/OZ BY END OF NEXT YEAR

* SAYS CENTRAL BANKS SHOULD CONTINUE TO ACCUMULATE GOLD AS THEY DIVERSIFY RESERVES

* SAYS DEMAND FOR GOLD AS A KEY PORTFOLIO HEDGE SHOULD RISE; LOWER RATES ARE LIKELY TO SUPPORT THE CASE FOR HOLDING GOLD

((Reuters.Briefs@thomsonreuters.com;))

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