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UBS reiterated their positive view on gold - buy dips

2024-12-30FOREXLIVEFOREXLIVE
See multiple supportive factors
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Analysts at UBS reiterated their positive view on gold, saying dips should be bought.

  • Gold dipped late last week on China's pause in buying in May, the strong NFP, strong earnings, higher US Treasury yields and higher USD
  • UBS point to a sign of weakness in the jobs report, the jobless rate climbing to 4% & participation coming off

On positive factors:

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