Gold Set to Shine as US Fiscal Health Declines, Says UBS Strategist

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Joni Teves, precious metals strategist at UBS Investment Bank, says macroeconomic factors are what “ultimately” drive gold prices despite rising geopolitical tensions. Teves says the “expectation that the US fiscal deficit is going to deteriorate, regardless almost of who wins the elections, is seen to be positive for gold over the medium- to long-term.” She speaks on Bloomberg Television. (Source: Bloomberg)

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