UBS on gold into H2 of 2024 ... "most preferred."UBS "see gold as an attractive geopolitical hedge and portfolio diversifier, and rate the metal as most preferred."
The comments is from a note that makes three central points. In brief:
1. We continue to see a supportive backdrop for global equities
- expect ... inflation normalizes
- central banks embark on an easing cycle
2. We think investors should make sure they're sufficiently invested in AI, with a tactical tilt to the enabling layer of the technology's value chain and megacaps.
3. Political uncertainty
- US ... we expect market volatility to continue in the lead up to the US presidential election in November.
- political turbulence in France
- smaller mandate for India's Prime Minister Narendra Modi after the election
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: UBS on gold into H2 of 2024 ... "most preferred." (https://www.forexlive.com/news/ubs-on-gold-into-h2-of-2024-most-preferred-20240702/)
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