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Gold's bull run faces hurdles but finish line is not necessarily in view, according to UBS strategist
Gold prices could taper off in the coming months before climbing in the long run, according to a strategist at UBS. Investors are likely seeing a late stage in bullion's bull run, Joni Teves, precious-metals strategist at the Swiss investment bank, told MarketWatch in a Friday interview. Gold prices often advance during conflicts as traders flock toward safe-haven assets in periods of market volatility, but they also generally have an inverse relationship with Federal Reserve interest rates, whereby bullion rises when the central bank decides to cut. The day before the U.S. and Israel struck Iran, the probability of ... (full story)