UBS Sets $2,900/oz Gold Target, Advises Buying on Dips; Treasury Yields Climb Post-Trump Win, Experts Warn of Inflationary Pressures
Global investment bank UBS published a report Monday highlighting the enduring value of gold as a hedge, despite a recent pivot among speculators toward equities following the U.S. presidential election. While the market appears optimistic, UBS cautions that policy uncertainty under the new administration remains high. Noting that a downtrend in the U.S. dollar and …