Gold targets $5,400 as debt risks and weak dollar revive bullish case

Gold may recover from its worst quarterly performance in a decade as fiscal concerns, volatile U.S. long-term Treasury yields and a weaker dollar renew demand for the precious metal. Wall Street is targeting $5,400 an ounce over the next 12 months. UBS commodities analyst Giovanni Staunovo said rising global debt and dollar weakness helped lift gold last year and are now returning as supportive forces.

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Gold targets $5,400 as debt risks and weak dollar revive bullish case - CoinPost Terminal