Suresh Tantia 5.0 1 idea

Head of CIO for Asia Equity Strategy, UBS Global Wealth Management
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TickerDirEntryP&LDate
GOLD LONG $403.46 Mar 24
By sector
Commodity
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GOLD 1 ideas
The speaker explicitly stated, "at this level, it makes sense to buy gold," referring to its ~10% pullback, and that it is "still a very good hedge." The recent sell-off was partly a liquidation event where investors sold profitable assets like gold for cash. The fundamental case for gold remains intact due to expected Fed rate cuts and a weaker dollar. Gold is attractive after its correction and is recommended as a portfolio hedge against ongoing geopolitical and monetary policy uncertainty. The Fed delays rate cuts more persistently than expected, supporting the U.S. dollar and reducing gold's appeal.
GOLD Bloomberg Markets Mar 24, 06:45
Head of CIO for Asia...
Suresh Tantia (Head of CIO for Asia Equity Strategy, UBS Global Wealth Management) | 1 trade ideas tracked | GOLD | YouTube | Buzzberg