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UBS like gold higher, point to history indicating up to a further 10% rise

Started by forex4you, Oct 21, 2024, 05:17 am

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Oct 21, 2024, 05:17 am
UBS like gold higher, point to history indicating up to a further 10% rise

UBS Global Wealth Management like both oil and gold, citing market uncertainty and the Fed easing.

UBS point ut that markets are trimming expectations of further Fed easings , but nevertheless see more cuts ahead. Analysts highlight gold historically rising by up to 10% following the first Federal Open Market Committee (FOMC) rate cut. UBS also point to ETF demand gathering pace.



                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: UBS like gold higher, point to history indicating up to a further 10% rise

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