IAU

UBS sees total returns of ~10% for commodity indexes over the next 6-12 months

UBS sees total returns of around 10% for broad commodity indexes over the next 6-12 months. Brokerage says recovery in global industrial activity, prospect of lower interest rates will push prices higher. UBS sees scope for gold prices to rise further, with a December price target of $2,500/oz.

Roundtable Discussion On Gold, Tech, Bitcoin, Country ETFs And Ignored Stocks

Seeking Alpha analysts discuss current market trends and give some portfolio advice. Rob Isbitts joins analysts Amrita Roy, Uttam Dey, Emma Johnston, and Mike Kehoe to discuss gold, Tech, Bitcoin, Country ETFs And Ignored Stocks. Highlighting the versatility of single country ETFs and playing defense within the tech sector. Dissecting two BitcoinETFs and emphasizing value of focusing on overlooked stocks.

Commodity Roundup: Gold snaps 5-week winning run, Brent hovers near $90/bbl

Gold snaps 5-week winning run, Brent hovers near $90/bbl. Oil benchmarks ticked up on the day, with Brent up more than 2% for the week. US economic growth slowed more than expected in the first quarter. Exxon Mobil and Chevron report first-quarter earnings on Friday.

‘This commodity rally does not look like a head fake’ - TS Lombard

TS Lombard says the overall commodity space may remain higher for an extended period of time. ‘This commodity rally does not look like a head fake’ - TS Lombard. The firm says the global economy is shifting gears towards a ‘sticker-for-longer’ inflation stance.

Hard To Make A Bearish Case Against GLD

SPDRR Gold Shares Trust has struggled to maintain its high valuations, leading investors to question if the bull run in precious metals has come to an end. Recent price activity in GLD has been decisive, correlating with rising U.S. Consumer inflation data. GLD's recent breakout activity sent fund valuations into overbought territory, but these indicators can be distorted by broader trend activity. Long-term flows in the SPDR Gold Trust have flipped into negative territory.

IAU: Buy The Gold Price Dip (Technical Analysis)

Here are UBS's top gold picks as stocks appear inexpensive amid wider rally

Gold stocks appear inexpensive and have abnormally lagged the gold price, UBS says. The stocks are trading on a P/E relative that is 40% below its norm. The investment bank calls on investors to continue to be overweight gold stocks. Gold miners have failed to match a blistering rally in gold recently.

Commodity Roundup: Oil, gold firm ahead of U.S. GDP data, natgas down

Oil prices rise on fears of a wider conflict in the Middle East. Israel said it plans assault on Hamas hold-outs in Rafah. Brent crude futures rise 0.15% to $88.03 a barrel. Spot gold trading higher ahead of U.S. GDP data, natgas down.