UBS forecast gold to $2250, but wait for pullbacks to buy ...Middle East

A view on gold via UBS, analysts at the bank see it higher but a pullback first.UBS says there are several positive trends supporting gold:the Federal Reserve look to be on track to rate cutsglobal central banks are buyers of gold (purchased more than 1,000 metric tons of gold in 2022 and in 2023, the largest purchases the 1960s ), as are investors (demand from China is particularly notable, UBS citing this as "possibly reflecting caution over the outlook for the equity market and property prices")ongoing rising geopolitical risk is gold supportive; the upcoming US election has the potential to aggravate tensions between the US and China, continuing wars in Ukraine and Palestine, Red Sea shi

Hence then, the article about ubs forecast gold to 2250 but wait for pullbacks to buy was published today ( Monday 11/03/2024 - 11:48 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( UBS forecast gold to $2250, but wait for pullbacks to buy )

Also on site :

• Recall Issued for Grill Brushes Sold at Walmart, Amazon, TJ Maxx, Ross Due to Serious Ingestion Hazard
• ‘Silo’ Season 3 Finale: Rebecca Ferguson, Creator Graham Yost on That Twist and Why Juliette Is ‘S–t Scared!’ Going Into the Final Season
• Halloween Horror Nights Opens at Universal Studios Hollywood With ‘Sinners,’ ‘Stranger Things 5’ and a Blood-Soaked Nikki From ‘Obsession’