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Gold will see sovereign, investor and physical demand, but Fed policy is a risk – UBS’ Joni Teves
Even with gold prices trading near record highs, the precious metal should continue to enjoy support from central banks, investors and the physical market, with Fed policy a source of both support and risk, according to Joni Teves, Precious Metals Strategist at UBS. “We think gold’s uptrend has legs and see further gains over the next couple years,” Teves noted in a recent presentation. “Strong official sector buying and resilient physical demand imply structural support and have lifted gold’s trading range,” while “Elevated macro uncertainty and persistent geopolitical risks [are] likely to drive a ... (full story)
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- Posted: Sep 4, 2024 5:31pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 162
