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home / news releases / UBG - Gold: An Excellent Chance To Buy


UBG - Gold: An Excellent Chance To Buy

Dec. gold and Sept. silver on Thursday extended Wednesday's sharp sell-offs of -2.13% in gold and -2.62% in silver. Precious metals prices saw weakness on early strength in the dollar index, although the dollar faded during the afternoon. Precious metals prices have seen weakness in August on long liquidation pressure after the sharp rally seen since the beginning of the year due to the pandemic and the Fed's extraordinarily easy monetary policy.

Safe-haven demand and dovish central bank expectations have sparked fund buying of precious metals in recent months. Long gold positions in ETFs on

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Stock Information

Company Name: UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641810
Stock Symbol: UBG
Market: NYSE

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