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‘Gold is a clear beneficiary of de-dollarization

Source: kitco.com

Commodities & Raw MaterialsCurrency & FXFiscal Policy & BudgetMonetary Policy
‘Gold is a clear beneficiary of de-dollarization

UBS commodity and currency analysts argue gold is supported by a renewed de-dollarization trade and the scale of U.S. fiscal challenges. They project upside to above $5,400 per ounce by next summer, implying a meaningful bullish catalyst tied to USD weakness and longer-run U.S. fiscal risk.

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