UBS says gold is its "Most Preferred" in its global asset allocation ...Middle East

forex live - News
UBS says gold is its Most Preferred in its global asset allocation
UBS analysts have reaffirm their bullish outlook on gold, pointing to its value as a hedge against macroeconomic and geopolitical uncertainties:maintains a target price of $2,700/oz by mid-2025In brief from the UBS report:Gold has jumped by 23% in 2024, to its highest ever price, due to lower US yield expectations and diversification out of US dollars by central banks.Gold has once again outperformed equities during times of high volatility, reaffirming this historical tendencyhas been supported by the European Central Bank's rate cuts, although trimmed expectations of the scale of Fed cuts has been been a bit of a counter to thissupport also from flows into physically-backed gold ETFs, Augu

Hence then, the article about ubs says gold is its most preferred in its global asset allocation was published today ( ) 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 says gold is its "Most Preferred" in its global asset allocation )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News