UBS Analysts Say the Current Correction in the Gold Market is Temporary
An analysis conducted by UBS, an investment banking firm, indicates that the current correction in the price of gold is merely technical and won’t last given that the fundamentals of the market remain strong. They say the precious metal will soon resume its upward momentum. In a research note that they released on Monday, the analysts say that this particular correction had been expected and it has now taken a pause. The Switzerland-based banking giant highlighted the fact that the demand underlying the metal’s bull-run is still present and strong. They also referenced a report published by the WGC (World…