Gold may gain from risk aversion and lower opportunity costs but its path may be bumpy, strategists at UBS report. Choppy prices in the near term Many
investors seek Gold as a portfolio diversifier in times of geopolitical tension.
Gold may also gain from shifting market expectations that the Fed hiking cycle has already come to an end and that US rates could potentially come down faster next year if the implications of the war cause a faster-than-anticipated slowing in US economic activity. Investors should note that uncertainty over both the war and the outlook for US rates may lead to choppy prices for Gold in the near term.
Singapore Latest News, Singapore 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 hovers around $1,925 amid the geopolitical tensions, Chinese stimulus hopeGold price (XAU/USD) posts modest losses around $1,925 during the early Asian session on Monday. The market sentiment is mixed as investors have some
Read more »
Gold Price Forecast: XAU/USD correction could extend after Friday’s 3% upsurgeGold price is retracing a small portion of Friday’s massive surge to the highest level in three weeks at $1,933. The United States Dollar (USD) stays
Read more »
XAU/USD Price Forecast: Tempered Start for GoldGold prices moderated after last week’s push higher but a close eye will be on the ongoing Israel-Palestine war alongside US specific factors.
Read more »
Gold Price Forecast: XAU/USD gets rejected by the 200-day SMA, US yields riseAt the beginning of the week, the XAU/USD retreated towards $1,920 and consolidated Friday’s rally, which saw the spot price rising by more than 3%. M
Read more »
Gold Price Forecast: XAU/USD recovers from near $1,900 holds near recent highsSpot Gold gapped lower at the weekly opening, retreating from a multi-week high of $1,932.61 a troy ounce to trade as low as $1,908.19 on Monday. Fin
Read more »