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<Commodity>UBS: Gold Bull Mkt Likely Nearing End, Rally About to Conclude
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The prolonged conflict in Iran and persistently elevated oil prices may signal the conclusion of the gold price rally, suggesting that the gold bull market is likely nearing its end, UBS precious metals strategist Joni Teves, said in an interview with MarketWatch. She noted that the gold price cycle should largely align with the Federal Reserve's cycle. Since the outbreak of Iran war, market expectations for monetary policy easing have weakened. Currently, the market expects interest rates to remain unchanged this year, implying a lower likelihood of gold price increases. Therefore, it is anticipated that gold prices will level off by the end of the year and remain at a lower level in the coming years. AASTOCKS Financial News Website: www.aastocks.com |
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