UBS like gold higher, point to history indicating up to a further 10% rise
globalreutersOctober 20, 20241 Mins read UBS Global Wealth Management like both oil and gold, citing market uncertainty and the Fed easing.
UBS point ut that markets are trimming expectations of further Fed easings , but nevertheless see more cuts ahead. Analysts highlight gold historically rising by up to 10% following the first Federal Open Market Committee (FOMC) rate cut. UBS also point to ETF demand gathering pace.
This article was written by Eamonn Sheridan at www.forexlive.com.
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