UBS Reveals When to Purchase Gold Dips as Markets Sign Unseen Dangers – Economics Bitcoin Information

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