UBS Identifies Key Moments to Buy Gold Amid Emerging Market Risks
UBS has highlighted gold’s continued value as a hedge, despite a shift towards equities after the U.S. presidential election.
While the market remains optimistic, UBS cautions that policy uncertainty under the new administration poses risks. The bank notes that a weaker U.S. dollar and falling Treasury yields could support gold prices, and advises investors to hold gold as a portfolio hedge due to potential fiscal risks, tariffs, and central bank demand.
UBS recommends buying gold on dips around $2,600/oz, with a 12-month target of $2,900/oz and suggests maintaining a 5% allocation in balanced portfolios.
Clever Robot News Desk 14th November 2024
