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.
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