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UBS say "Higher gold prices are delayed, not canceled". Year-end forecast is USD 1,950

UBS say
UBS on the headwinds for gold (UBS refer to these as 'short-term'):surprisingly resilient US economic data & concerns over the Federal Reserve’s likely responsefed fund futures ... markets are pricing roughly even chances of another rate hike by Novemberhas pushed both nominal and real US yields higher, adding to dollar strength and undermining gold’s near-term appealUBS say these factors don't erode the portfolio case for gold, and that "Higher gold prices are delayed, not canceled."the next po... Read More
Posted: Aug 23 2023, 22:14
Author Name: forexlive
Views: 102078

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