CNBC: Four Big Reasons to Own Gold into 2025
Article by Sean Conlon in CNBC
Gold is on track for its best week in more than a year, and UBS thinks the precious metal has even further to go.
On Friday, spot gold rose about 1% amid increasing tensions between Russia and Ukraine. That helped drive gold’s week-to-date gain above 5%, on pace for the largest weekly percentage increase since October 2023.
Gold reached record highs in late October and has fallen nearly 2% in November after President-elect Donald Trump’s White House victory, but has still rallied more than 30% this year.
But there’s still more room for bullion to run, even from ......