Gold could go to $2,200; Don’t be fooled by selloff on U.S. debt deal – UBS

“We think gold should remain a hedge within a portfolio context, with our analysis showing that around a mid-single-digit percentage allocation to gold in a balanced USD-based portfolio would have improved risk-adjusted returns and lessened drawdowns over recent decades.”

There are three reasons to buy gold now, UBS’ research team said.

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