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UBS Forecasts Limited Gold Pullback on Fed Hike as Bullish Drivers Persist

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • UBS notes a potential Fed rate hike could cause a brief knee-jerk pullback in gold, but strong structural drivers like central bank buying and seasonal physical demand will limit declines and keep medium-term risks skewed to the upside.
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XAUUSD price history

4332.30 -5.58% over the displayed period

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