UBS Units $2,900/oz Gold Goal, Advises Shopping for on Dips

UBS stays bullish on gold, advising buyers to purchase on dips round $2,600/oz with a $2,900/oz goal over the subsequent 12 months. The financial institution emphasizes gold’s enduring worth as a hedge in opposition to financial uncertainties and recommends a 5% allocation in balanced portfolios, citing components corresponding to central financial institution demand, potential US fiscal deficits, and ongoing geopolitical tensions as supportive of gold costs.



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