{"id":141335,"date":"2023-09-01T21:45:05","date_gmt":"2023-09-01T16:15:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=141335"},"modified":"2023-09-01T21:45:05","modified_gmt":"2023-09-01T16:15:05","slug":"xau-usd-year-end-forecast-slightly-cut-to-1950-ubs-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xau-usd-year-end-forecast-slightly-cut-to-1950-ubs-crypto-news\/","title":{"rendered":"XAU\/USD year-end forecast slightly cut to $1,950 \u2013 UBS &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/markets\/commodities\/metals\/gold\">XAU\/USD<\/a> is down over 7% since its 2023 peak in May. Economists at UBS analyze Gold\u2019s portfolio role as the backdrop shifts.<\/p>\n<h2 class=\"fxs_headline_medium\">Short-term headwinds unlikely to erode the portfolio case for Gold<\/h2>\n<blockquote>\n<p>The changing backdrop has pushed both nominal and real US yields higher, adding to Dollar strength and undermining Gold\u2019s near-term appeal. But, we don\u2019t think short-term headwinds erode the portfolio case for Gold.<\/p>\n<\/blockquote>\n<blockquote>\n<p>With US recession risks now fading and Dollar strength back, we have cut our year-end Gold forecast slightly to $1,950 and downgraded the precious metal to neutral within our global strategy.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>We still recommend investors build Gold into their portfolios and broadly diversify USD holdings.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: XAU\/USD is down over 7% since its 2023 peak in May. Economists at UBS analyze Gold\u2019s portfolio role as the backdrop shifts. Short-term headwinds unlikely to erode the portfolio case for Gold The changing backdrop has pushed both nominal and real US yields higher, adding to Dollar strength and undermining Gold\u2019s near-term appeal. But, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":17161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,459,484,255,250,252,247,253,249,334,256,254,485],"class_list":["post-141335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-dollarindex","tag-gold","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-unitedstates","tag-wallet","tag-wordpress","tag-xauusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=141335"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141335\/revisions"}],"predecessor-version":[{"id":141336,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141335\/revisions\/141336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/17161"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=141335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=141335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=141335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}