UBS Analysts Bullish on Gold: Is Now the Time to Invest?
UBS analysts have reiterated their positive outlook on gold this week, citing its role as a safe haven asset in times of economic and geopolitical uncertainty. With gold prices up 23% this year and hitting record highs, UBS sees potential for further growth.
The bank recommends allocating around 5% of a balanced portfolio to gold, as it has historically outperformed equities during periods of market volatility. Despite some temporary setbacks, such as a brief dip after unexpected US inflation data, UBS maintains a mid-2025 target of $2,700/oz for gold.
In recent months, gold ETFs have seen increased demand, particularly in North America and Asia. UBS remains "Most Preferred on gold" in its global asset allocation strategy, emphasizing gold's importance as a hedge against uncertainty in the global economy.
In conclusion, now may be a good time to consider adding gold to your investment portfolio. With its proven track record as a safe haven asset and potential for further growth, gold could help protect your finances in uncertain times.