UBS Analysts: Gold Market Not Overextended Despite Record Prices UBS analysts believe gold prices are poised for further gains despite already reaching record highs. Here’s a summary of their key points:Gold’s recent rally is driven by a favorable macroeconomic environment, including dovish Fed expectations, lower interest rates, and a weaker US dollar. Geopolitical risks and the upcoming US elections are also boosting investor interest. Despite the price surge, market positioning doesn’t appear overstretched, leaving room for additional investments. UBS expects continued inflows into gold ETFs as the Fed begins cutting rates. Physical demand from China and India has softened due to high prices, but seasonal factors could support a rebound. Central banks, particularly from emerging markets, are likely to remain net buyers of gold, further supporting prices. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts China's Gold Imports Skyrocket as Middle Class Seeks Stability READ MORE "A Move to $3000 Gold Shouldn't Surprise Anyone, What Does THAT Do To SILVER? – Tavi Costa READ MORE Bond Traders Eye Possibility of 50 Basis Point Fed Rate Cut After Inflation Data READ MORE Housing Costs Defy Inflation Trends, Challenging Federal Reserve's Targets READ MORE New UBS Forecasts Predict Silver Prices to Hit $38 by Mid-2025 READ MORE Add a Comment Cancel replyYour email address will not be published.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