UBS preserve a US$2900 goal for gold
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UBS is sticking to its bullish gold forecast.
- says the transfer increased for equities and decrease for gold is a ‘extremely optimistic’ view for decrease coverage and political danger, that is untimely
- anticipate US yields and US greenback to maneuver into downtrend, which can help gold
- gold fundamentals, as a hedge and variety play, are intact
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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