Buy Gold Near $1,200 ‘As Insurance’ – UBS Wealth

– Buy gold near $1,200 ‘as insurance’ – UBS Wealth
– UBS believe investors should take advantage of gold’s first monthly decline
– ‘We like the insurance qualities for gold’ on uncertainty
– Strong demand, weak output and low dollar to support
– Warning as North Korea tests intercontinental ballistic missile
– Launch of ICBCM is a ‘new escalation of the threat’ and revives geo-political risks
– Syria, Qatar, Saudi, Israel, Iran risks mean Middle East remains powder keg
– Academic research points to gold’s role as a safe haven
– Gold as Safe Haven a must read for investors
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Yesterday North Korea sent the US a ‘package of gifts’ for Independence Day.
Unsurprisingly the successfully tested and launched intercontinental ballistic missile (ICBM) was not well received. US Secretary of State Rex Tillerson called the move a ‘new escalation of the threat’ to the U. S. and its allies and that ‘global action is required to stop a global threat.’

This post was published at Gold Core on July 5, 2017.