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Gold (XAU/USD) has now gained close to 19% since a recent low in October and almost 7% over the past month alone. Strategists at UBS analyze the yellow metal’s outlook.
Part of the recent rally may reflect technical factors, as prices crossed key resistance levels. But while we see potential for a pullback in Gold in the near term, this does not mean the rally can’t go further over the coming year.
We see Gold being supported by several trends: The Fed appears on track to cut rates. Central bank and investor buying of Gold should be supportive. Heightened geopolitical risk should also support Gold.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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