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UBS “see gold as an attractive geopolitical hedge and portfolio diversifier, and rate the metal as most preferred.”
The comments is from a note that makes three central points. In brief:
1. We continue to see a supportive backdrop for global equities
2. We think investors should make sure they’re sufficiently invested in AI, with a tactical tilt to the enabling layer of the technology’s value chain and megacaps.
3. Political uncertainty