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 Survey Shows U.S. Tech Stocks Perceived as New Inflation Hedge READ MORE Could Central Bank Buying Send Gold to $3,000? READ MORE Insider Alert: Mike’s Made Two Changes to His Portfolio READ MORE Southeast Asian Consumers Turn to Gold as Economic Shield READ MORE JPMorgan Chase CEO Jamie Dimon Remains Cautious on the U.S. Economy READ MORE Add a Comment Cancel replyYour email address will not be published.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