UBS Cites Hesitation In Gold Market With Traders Watching For Physical Demand

Gold positioning has been creeping higher and the market seems generally “buoyant,” but there also seems to be some hesitation, perhaps in part due to lackluster physical demand, says UBS. “Lackluster physical buying so far during this typically strong period is disappointing investors and likely adding to the reluctance,” UBS says.

Source: Kitco