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UBS sees three reasons to buy gold

Gold fell on Thursday. If you like it UBS Global Wealth Management outline three reasons to buy.1. Central bank demand should remain robust 2022 was the 13th straight year that central banks were net buyers of gold, and demand is likely to continue“Based on the 1Q23 data from the World Gold Council, central banks are on track to buy around 700 metric tons of gold this year, much higher than the average since 2010 of below 500 metric tons"2. USD weaknessA lower dollar index (down for the YTD) sho... Read More

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Posted: May 18 2023, 20:42

Author Name: forexlive

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