UBS like gold higher, point to history indicating up to a further 10% rise

UBS Global Wealth Management like both oil and gold, citing market uncertainty and the Fed easing.

UBS point ut that markets are trimming expectations of further Fed easings , but nevertheless see more cuts ahead. Analysts highlight gold historically rising by up to 10% following the first Federal Open Market Committee (FOMC) rate cut. UBS also point to ETF demand gathering pace.

This article was written by Eamonn Sheridan at www.forexlive.com.