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UBS Expects Higher Gold Prices as US Dollar Weakens — ‘Gold’s Rally Has Further to Run’

September 17, 2024
in Crypto/Coins
Reading Time: 1 min read
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UBS Predicts Higher Gold Prices as Dollar WeakensWorld funding financial institution UBS predicts continued stress on the U.S. greenback and additional gold value will increase. “We count on the U.S. greenback to remain beneath stress as yield differentials slender,” UBS defined, including: “Gold’s rally has additional to run.” UBS highlighted that gold has gained over 24% this 12 months, pushed by elevated funding demand, and expects […]

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Tags: commodities marketscurrency marketsDollarExpectsFed rate cutsGoldGold Pricesgold record highGoldshigherInflation DataPricesrallyRunU.S. dollarUBSUBS reportWeakens
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