UBS is sticking to its bullish gold forecast.
- says the move higher for equities and lower for gold is a ‘highly optimistic’ view for lower policy and political risk, this is premature
- expect US yields and US dollar to move into downtrend, which will support gold
- gold fundamentals, as a hedge and diversity play, are intact
This article was written by Eamonn Sheridan at www.forexlive.com.
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