UBS: Positioning Favorable For Gold

Gold has a number of factors in its favor, including low bullish speculative positioning, but investors appear to be waiting for a fresh catalyst before buying some more, says Swiss bank UBS.

Supportive influences include a reassessment of the macroeconomic outlook, still-low U.S. interest rates, weakness in the U.S. dollar, pause in the stock-market rally and U.S. political turbulence.

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