others
XAU/USD year-end forecast slightly cut to $1,950 – UBS – Crypto News
XAU/USD is down over 7% since its 2023 peak in May. Economists at UBS analyze Gold’s 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’s near-term appeal. But, we don’t think short-term headwinds erode the portfolio case for Gold.
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.
We still recommend investors build Gold into their portfolios and broadly diversify USD holdings.
-
Cryptocurrency1 week agoOpenAI’s GPT-6 Astra Is Shockingly Good at Almost Everything – Crypto News
-
De-fi5 days agoMemecoin degens are providing the spark for Wall Street to turn stock tokens into real capital – Crypto News
-
Cryptocurrency4 days agoThe dilution trap where Bitcoin holdings rise while shareholder value stalls – Crypto News
-
Blockchain2 days agoWhy Clichmont Is Building AI Infrastructure Instead of Renting It – Crypto News
-
De-fi1 day agoXRP holders could earn new yield, but getting out may take up to 60 days – Crypto News