Gold plunges nearly 3%, the biggest drop in two years, institutions are still unanimously bullish.
Looking ahead, UBS expects that gold may enter a consolidation period in the short term, but any price correction is an opportunity for investors to increase their holdings of gold. The continuous presence of geopolitical risks may provide support for the gold market in the long term.
Gareth04-23
Spot gold/US debt level/Safe-haven asset
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