Gold Builds on Powerful Rally

Gold Builds on Powerful Rally

Assessment

Interactive Video

Business

University

Hard

Created by

Wayground Content

FREE Resource

UBS Wealth Management strategists suggest maintaining a long position on gold, predicting it could surpass $1650 per ounce in the coming weeks. Gold has been favored as a safe haven during the coronavirus outbreak, with investors turning to it amidst lower yields and high equity valuations. UBS anticipates that the effects of the coronavirus will diminish by the end of the first quarter, leading to rising yields and potential pressure on gold prices.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current position of UBS Wealth Management regarding gold?

Short gold

Avoid gold

Long gold

Neutral on gold

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why has gold been gaining ground during the coronavirus outbreak?

Due to its status as a safe haven

Because of increasing oil prices

Because of rising interest rates

Due to decreasing demand for stocks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What makes gold more attractive when equities are highly valued?

Potential wobbles in equity markets

Gold's high liquidity

Gold's low volatility

Gold's historical performance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to UBS, when might the impact of the coronavirus start to weaken?

By the end of the second quarter

By the end of the first quarter

By the end of the third quarter

By the end of the year

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is expected to happen to gold prices when yields rise?

Gold prices will increase

Gold prices will come under pressure

Gold prices will remain unchanged

Gold prices will stabilize