Gold offers a potentially effective hedge against a deterioration in geopolitical conflicts – UBS

Market news

22 November 2023

Gold offers a potentially effective hedge against a deterioration in geopolitical conflicts – UBS

Gold prices hit $2,000. Economists at UBS analyze the yellow metal’s outlook.

Uncertainty over interest rates could keep Gold choppy in the near term

Gold offers a potentially effective hedge against a deterioration in geopolitical conflicts.

While uncertainty over interest rates could keep Gold choppy in the near term, investors looking to add Gold can consider buying the metal using options (buying below $1,900).

We think investors with existing long Gold positions should hold onto them in anticipation of a recovery over the next 6-12 months.

Belgium Consumer Confidence Index up to -4 in November from previous -5

It is a little too early to expect the Dollar bear trend to run a lot further just yet – ING

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