Gold offers a potentially effective hedge against a deterioration in geopolitical conflicts – UBS
|Gold prices hit $2,000. Economists at UBS analyze the yellow metal’s outlook.
Uncertainty over interest rates could keep Gold choppy in the near term
Gold offers a potentially effective hedge against a deterioration in geopolitical conflicts.
While uncertainty over interest rates could keep Gold choppy in the near term, investors looking to add Gold can consider buying the metal using options (buying below $1,900).
We think investors with existing long Gold positions should hold onto them in anticipation of a recovery over the next 6-12 months.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.