UBS is sticking to its bullish gold forecast.
says the move higher for equities and lower for gold is a ‘highly optimistic’ view for lower policy and political risk, this is prematureexpect US yields and US dollar to move into downtrend, which will support goldgold fundamentals, as a hedge and diversity play, are intact
This article was written by Eamonn Sheridan at www.forexlive.com.