{"id":420706,"date":"2020-04-13T16:00:29","date_gmt":"2020-04-13T16:00:29","guid":{"rendered":"https:\/\/wncen.com\/?p=420706"},"modified":"2020-04-13T15:38:49","modified_gmt":"2020-04-13T15:38:49","slug":"why-ubs-analysts-expect-a-strong-gold-reversal-despite-recent-7-upsurge","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/why-ubs-analysts-expect-a-strong-gold-reversal-despite-recent-7-upsurge\/","title":{"rendered":"Why UBS Analysts Expect a Strong Gold Reversal Despite Recent 7% Upsurge"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/gold\" rel=\"nofollow\">Gold<\/a> prices continue to soar as expectations of the worst recession the world has ever seen grow by the day due to the last impact the coronavirus will have on the economy.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">However, UBS analysts are expecting a strong reversal in gold in the back half of 2020 as stimulus packages and policy changes from the Fed and the government begin to take shape.<\/span><\/p>\n<h2>Gold Prices Rise 7% in April Alone As Recession Looms On Horizon<\/h2>\n<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/gold\" rel=\"nofollow\">Gold<\/a> prices are up over 7% thus far in April, marking one the largest single-month rises in over the last year, and the month isn\u2019t even halfway through yet.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">And while the precious metal\u2019s prices are expected to rise in the near term due to a combination of savvy investors moving capital into the safe-haven asset ahead of a looming recession and due to a currently restricted supply.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/04\/07\/author-rich-dad-recommends-gold-bitcoin-as-dollar-is-dying\/\">Author Rich Dad Recommends Gold, Bitcoin as Dollar is Dying<\/a>\u00a0<\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">The asset\u2019s already scarce supply helps it grow in value while fiat currencies inflate with each new stimulus package put out by the government in an effort to prevent the economy from total collapse.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/gold\" rel=\"nofollow\">Gold<\/a> has reached its highest price since the 2008 recession, however, UBS analysts are predicting a reversal in the second half of 2020.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">&#8220;COVID-19&#8217;s deflationary effect has been a headwind for\u00a0gold. But this trend should reverse in 2H20 as policy responses by governments and central banks gather traction, UBS analysts\u00a0<a href=\"https:\/\/www.cnbc.com\/amp\/2020\/04\/13\/gold-markets-coronavirus-pandemic-in-focus.html\" target=\"_blank\" rel=\"noopener nofollow\">told CNBC<\/a>.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-420709\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Screen-Shot-2020-04-13-at-11.35.52-AM.png?resize=860%2C462\" alt=\"gold price chart xauusd\" width=\"860\" height=\"462\"><\/p>\n<h2>UBS Analysts Expect Reversal In H2 2020 Due to Fed Interest Rate Cuts<\/h2>\n<p class=\"p1\"><span class=\"s1\">The deflationary effect that UBS speaks of is the lowering cost of most physical goods due to less overall market demand, with so many people stuck in their homes quarantined. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The situation has caused oil prices to plummet with demand diminished, however, gold has fared extremely well in this environment.\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The limited supply gives the asset an edge in this type of economic climate.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">However, as the recent efforts to stimulate the economy from the Fed begin to take hold in the second half of the year, UBS says that this will cause gold prices to reverse and begin to fall once again.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/04\/10\/gold-records-strongest-weekly-close-since-recession-recovery-in-2013\/\">Gold Records Strongest Weekly Close Since Recession Recovery in 2013\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cLed by Fed easing, UBS says,\u201d the firm expects \u201cUS interest rates\u00a0to dip deeper into negative territory and perhaps even test the\u00a0post-global financial crisis lows.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Because gold is highly sensitive to interest rates, the impact could cause gold\u2019s rally to fizzle out after nearly two solid years of growth. However, the precious metal could set a new all-time high before then, proving the asset\u2019s value once again during a time of economic crisis.<\/span><\/p>\n<pre>Featured image from Pixabay<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices continue to soar as expectations of the worst recession the world has ever seen grow by the day due to the last impact the coronavirus will have on the economy. However, UBS analysts are expecting a strong reversal in gold in the back half of 2020 as stimulus packages and policy changes from the Fed and the government begin to take shape. Gold Prices Rise 7% in April Alone As Recession Looms On Horizon Gold prices are up over 7% thus far in April, marking one the largest single-month rises in over the last year, and the month isn\u2019t even halfway through yet. And while the precious metal\u2019s prices are expected to rise in the near term due to a combination of savvy investors moving capital into the safe-haven asset ahead of a looming recession and due to a currently restricted supply. Related Reading | Author Rich Dad Recommends Gold, Bitcoin as Dollar is Dying\u00a0 The asset\u2019s already scarce supply helps it grow in value while fiat currencies inflate with each new stimulus package put out by the government in an effort to prevent the economy from total collapse. Gold has reached its highest price since the 2008 recession, however, UBS analysts are predicting a reversal in the second half of 2020. &#8220;COVID-19&#8217;s deflationary effect has been a headwind for\u00a0gold. But this trend should reverse in 2H20 as policy responses by governments and central banks gather traction, UBS analysts\u00a0told CNBC. UBS Analysts Expect Reversal In H2 2020 Due to Fed Interest Rate Cuts The deflationary effect that UBS speaks of is the lowering cost of most physical goods due to less overall market demand, with so many people stuck in their homes quarantined. The situation has caused oil prices to plummet with demand diminished, however, gold has fared extremely well in this environment.\u00a0 The limited supply gives the asset an edge in this type of economic climate. However, as the recent efforts to stimulate the economy from the Fed begin to take hold in the second half of the year, UBS says that this will cause gold prices to reverse and begin to fall once again. Related Reading | Gold Records Strongest Weekly Close Since Recession Recovery in 2013\u00a0 \u201cLed by Fed easing, UBS says,\u201d the firm expects \u201cUS interest rates\u00a0to dip deeper into negative territory and perhaps even test the\u00a0post-global financial crisis lows.\u201d Because gold is highly sensitive to interest rates, the impact could cause gold\u2019s rally to fizzle out after nearly two solid years of growth. However, the precious metal could set a new all-time high before then, proving the asset\u2019s value once again during a time of economic crisis. Featured image from Pixabay<\/p>\n","protected":false},"author":517,"featured_media":420710,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[2209,2472,5845,7920,74877],"class_list":["post-420706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-gold","tag-interest-rates","tag-precious-metals","tag-recession","tag-xauusd"],"acf":[],"yoast_head":"\n<title>Why UBS Analysts Expect a Strong Gold Reversal Despite Recent 7% Upsurge<\/title>\n<meta name=\"description\" content=\"Gold prices continue to soar as expectations of the worst recession the world has ever seen grow by the day due to the last impact the coronavirus will\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/why-ubs-analysts-expect-a-strong-gold-reversal-despite-recent-7-upsurge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why UBS Analysts Expect a Strong Gold Reversal Despite Recent 7% Upsurge\" \/>\n<meta property=\"og:description\" content=\"Gold prices continue to soar as expectations of the worst recession the world has ever seen grow by the day due to the last impact the coronavirus will\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/why-ubs-analysts-expect-a-strong-gold-reversal-despite-recent-7-upsurge\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-13T16:00:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-13T15:38:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/gold-is-money-3055758_1920.jpg?fit=1920%2C1280\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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