Gold should remain a good hedge, despite worries that rates will remain higher for longer, economists at UBS report.
Gold has proven its worth as a diversifier again The price of the metal has climbed by about 9% since the Hamas attack on Israel and a regional escalation of the conflict would likely boost Gold further.
While we believe that safe-haven flows would eventually reverse, Gold has proven its worth as a diversifier again. In addition, we ultimately see support for Gold as the slowing US economy allows Fed officials to move toward monetary easing – which would likely lead to lower yields and a lower opportunity cost of holding the non-interest-bearing metal.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD buyers recapture $2,000, what’s next?Gold price has entered a phase of consolidation at the start of a new week, following a massive surge to a fresh five-month high of $2,009 set last Fr
Read more »
Gold (XAU/USD) Outlook Remains Positive, Resistance Holds First AttemptThe escalation of military action in Gaza lent gold a further bid at the end of last week, pushing the precious metal above $2,000/oz. for the first time in 5 months.
Read more »
Gold Price Forecast: XAU/USD gains momentum above $2,000 amid the geopolitical risks, Fed rate decision eyedGold Price (XAU/USD) gains momentum to the $2,003 psychological mark during the early Asian trading hours on Monday. The yellow metal rose above the $
Read more »
Gold Price Jumps Hurdles Ahead of Fed and Despite a USD Rally. Higher XAU/USD?The gold price steadied to start the week after climbing to a five-month peak last Friday. The precious metal has overcome higher Treasury yields and a solid US Dollar.
Read more »
Gold aims for stabilization above $2,000 amid Middle East tensions, Fed policy eyedGold price (XAU/USD) delivered a moderate corrective move after printing a fresh five-month high. The precious metal slips marginally as investors tur
Read more »
Gold price trades near its highest level since May on the back of geopolitical risksGold price (XAU/USD) advanced beyond the $2,000 psychological mark on Friday, hitting its highest level since May 16 and registering a third straight
Read more »