Commodity Talk: Gold has more room to run and potential for stronger diversification, says UBS’ Joni Teves

UBS remains optimistic about gold, anticipating diversification to drive prices higher, with potential for reallocation from US assets. Despite a recent price dip, strong support is expected, fueled by broad demand and limited supply. Credit rating cuts for the US could further boost gold prices, though portfolio allocation strategies depend on individual factors.

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