UBS reiterated their positive view on gold

Analysts at UBS reiterated their positive view on gold, saying dips should be bought. Gold dipped late last week on China's pause in buying in May, the strong NFP, strong earnings, higher US Treasury yields and higher USDUBS point to a sign of weakness in the jobs report, the jobless rate climbing to 4% & participation coming offOn positive factors:Say China's gold buying may be underreported, and other central banks continue to scoop it up - total demand is seen reaching 950-1,000 metric tons in 2024UBS expect the FOMC to indicate two rate cuts ahead for this year in today's dot plotOngoing geopolitical risks and the upcoming U.S. election are further reasons to buy This ar

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