Markets

Like Don Durrett, UBS Believes Gold’s Bull Market Has Further to Run - SilverTrade

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DW NOTE

UBS joins the consensus view that gold has room to run — a forecast worth noting primarily because it comes after a 16% correction from January's $5,318 peak. The institutional bullishness arrives with gold at $4,467, oil up 21% in a month on a closed Strait of Hormuz, and the Fed pricing in a 60% chance of a September hike into 3.53% headline inflation. Either the correction is over or the sell-side is late.

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Gulf Producers Find Workarounds As Hormuz Tensions Persist

Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

Like Don Durrett, UBS Believes Gold’s Bull Market Has Further to Run - SilverTrade

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