UBS "see gold as an attractive geopolitical hedge and portfolio diversifier, and rate the metal as most preferred."The comments is from a note that makes three central points. In brief:1. We continue to see a supportive backdrop for global equitiesexpect ... inflation normalizescentral banks embark on an easing cycle2. We think investors should make sure they’re sufficiently invested in AI, with a tactical tilt to the enabling layer of the technology’s value chain and megacaps. 3. Political uncertaintyUS ... we expect market volatility to continue in the lead up to the US presidential election in November.political turbulence in Francesmaller mandate for India’s Prime Minister Narendra Modi
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