Three reasons to buy Gold now – UBS Gold CentralBanks DollarIndex UnitedStates Banks
“Central banks are on track to buy around 700 metric tons of Gold this year, much higher than the average since 2010 of below 500 metric tons. We think this trend of central bank buying is likely to continue amid heightened geopolitical risks and elevated inflation.”“The direction of a weakening USD is clear, we believe the reduction in US yield carry will continue to weigh on the greenback.
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