Gold Dips Present Buying Opportunities, Says UBS UBS analysts suggest buying gold during price dips, following a recent 3% decline after positive U.S. employment data. They note potential under-reporting of China’s gold reserves and recommend purchasing gold around $2,250-$2,300 per ounce. UBS anticipates near-term pressure on gold prices due to possible CPI surprises but expects the Federal Reserve to cut rates twice in 2024. With ongoing geopolitical tensions and the US elections approaching, they recommend a 5% gold allocation in USD-balanced portfolios. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts True Inflation May Have Peaked in Late 2022 READ MORE Commodities Cool Off Ahead of Key Economic Data READ MORE De-Dollarization: Cross-Border Payment Platform to Include Currencies from Pakistan, India, and Chin READ MORE Bond Traders Eye Possibility of 50 Basis Point Fed Rate Cut After Inflation Data READ MORE China Doubles Down on Moves to Avert a Financial Crisis READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment