Recently, we have seen a slight but steady decline in the price of gold while the dollar is strengthening.
The UBS Group warned investors to reconsider their participation in gold, with the global economy recovering and the dollar strengthening next year.
Gold, we would say, is the "gold" stable refuge.
Here we see the course of the price set by 1.1.1972.
And here is the course of the price of gold in 2021.
"The message should be: leave if you have a regular position. If you have a strategic position, hedge it," Dominic Schnider, head of commodities for the Asia-Pacific region, told UBS Global Wealth Management.
"In a world that seems to be better, because one would like to own so many security assets, and that just means the market needs to balance at a lower level," he added.
Speaking on Bloomberg television, Schnider stressed that gold could fall closer to $ 1600 an ounce while silver could fall to $ 22 or lower.
Platinum can be a better investment in precious metals thanks to its wider industrial exposure.
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