UBS Group continues to be bullish on gold, citing multiple supportive factors. Gold prices are still expected to hit new highs within the year.

Teves pointed out that the factors driving this rise in gold prices remain stable—primarily supported by expanding demand from private investors and central banks. Amid increasing macroeconomic and geopolitical uncertainties, gold is gradually becoming a core component of investment portfolios.

cls.cnMay 12 14:51

The UAE involved in the conflict? Reports claim it secretly attacked Iran, hitting an oil refinery on an island in the Persian Gulf in April.

According to reports, the UAE has long attempted to maintain a relatively balanced position between Iran and the West. However, as Iran's ongoing missile and drone attacks on the UAE territory continue to impact key industries such as aviation, tourism, and real estate, the UAE government’s stance has shifted, increasingly favoring the use of its advanced military capabilities to directly counter the Iranian threat. Following the report, crude oil prices extended their gains, with West Texas Intermediate (WTI) climbing towards $99 per barrel.

wallstreetcnMay 12 05:27

Express News | According to the Wall Street Journal, sources reported that the UAE had previously carried out a military strike against Iran. The UAE’s attack included an assault on an oil refinery located on Iran's Lavan Island. The UAE has not publicly acknowledged it

BreakingsMay 12 04:12

Rupee in Crisis: India Quietly Plans Foreign Exchange Defense, Gold Purchase Restrictions May Be the First Step

Impacted by the war in Iran, India is facing significant foreign exchange pressure, with the rupee depreciating 5.6% against the US dollar year-to-date and foreign exchange reserves dropping to USD 690.7 billion. Prime Minister Modi has called on the public to stop purchasing gold, limit outbound tourism, use public transportation, and work from home. The government is studying several emergency measures, including restricting non-essential imports, raising fuel prices, and tightening regulations on foreign exchange withdrawals, to protect foreign exchange reserves and alleviate pressures on the current account deficit.

wallstreetcnMay 12 00:50

Strengthening Clean Power and Infrastructure for British Columbia's Critical Minerals Advantage

PR NewswireMay 12 00:15

BofA's Hartnett: The strength of the U.S. stock market is historically rare, and gold is expected to rise by 30% this year.

The Bank of America's Hartnett team noted that both the U.S. stock market and gold are on track for a rare fourth consecutive year of double-digit gains, with the S&P 500 Index potentially achieving an annualized increase of 20% and gold reaching 30%. Recently, the Nasdaq and S&P 500 have hit new highs, with gold nearing $5,600 per ounce this year, just short of its target gain of 30%, or $5,631.6 per ounce. The team believes that market breadth is improving, and small-cap stocks, emerging markets, and commodities have reached "a bullish long-term inflection point."

wallstreetcnMay 9 00:14