UBS Wealth Management: Expects gold to reach $3,900 by mid-2026, Asian currencies may appreciate by 4% in the next year
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UBS Wealth Management predicts that by mid-2026, gold prices could reach $3,900 per ounce, benefiting from declining real interest rates and a weaker dollar. The Federal Reserve is expected to cut interest rates by another 75 basis points, and Asian currencies are projected to appreciate by an average of 4% against the dollar over the next 12 months. Investors should consider hedging their dollar exposure and diversifying investments into other currencies. The Chinese stock market still has room for growth, with technology stocks being the preferred choice
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