UBS: Why Investors Should Look Beyond Gold’s Recent Retreat from Record Highs

25.06.23

Gold’s inability to sustain levels above $3,400/oz on three recent occasions might appear concerning, but UBS investment strategists argue this shouldn’t deter investors from maintaining gold positions. After struggling to break $2,100/oz until February 2024, gold has surged over 60% in 15 months, driven by both traditional factors (interest rates,…

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