Gold peaked? UBS: Without new catalysts, current levels may remain volatile
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Gold prices have recently experienced a pullback, but UBS believes that investors can take advantage of this opportunity to increase their gold holdings. Geopolitical risks still exist, which may support the long-term gold market. In the short term, the gold market may enter a consolidation phase, but if geopolitical tensions escalate, it could increase the inflow of safe-haven funds into gold. Investors may take profits and sell some of their positions, but market positioning indicates that investors are still holding a bullish stance on gold, which is favorable for a long-term bull market. UBS maintains a bullish view on gold
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