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 Inflation Shifts American Dining Habits: Home Cooking is Back READ MORE Target Slashes Prices on 5,000 Items to Woo Inflation-Wary Shoppers READ MORE Gold Hits Record High: What's Next for the Bullion Market? READ MORE Trump Warns Fed Against Pre-Election Rate Cuts, Hints at Conditional Support for Powell READ MORE Investors Reap Rewards Across Markets as Dow Hits 40,000 READ MORE Add a Comment Cancel replyYour email address will not be published.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