Gold Set to Shine as US Fiscal Health Declines, Says UBS Strategist

UBS Investment Bank’s precious metals strategist Joni Teves emphasizes that macroeconomic factors, particularly the expected deterioration of the US fiscal deficit, are the primary drivers of gold prices. Despite geopolitical tensions, Teves suggests that the worsening fiscal situation in the US, regardless of election outcomes, will likely boost gold prices in the medium to long term.