November 14, 2024 at 12:06AM
UBS is sticking to its bullish gold forecast.
says the move higher for equities and lower for gold is a ‘highly optimistic’ view for lower policy and political risk, this is premature
expect US yields and US dollar to move into downtrend, which will support gold
gold fundamentals, as a hedge and diversity play, are intact
This article was written by Eamonn Sheridan at www.forexlive.com.
UBS maintain a US$2900 target for gold