The Story
News Summary
- UBS retracted its long-standing recommendation to lock in short-term bond yields, pivoting to forecast two Fed rate hikes following robust labor data.
- The bank expects a firmer US dollar and rising yields, presenting headwinds for gold while retaining a constructive stance on equities backed by economic strength.
Explore XAUUSD price history & advisor snapshot
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Stored market data
XAUUSD price history
4335.70
-9.02% over the displayed period
Advisor Snapshot
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