Latest news with #JoniTeves
Economic Times
4 days ago
- Business
- Economic Times
Gold prices to witness big moves, may hit Rs 1.10 lakh/10g in one year. Is now the time to buy?
Gold is poised for a significant rally over the next 12 months, with prices in India expected to surge to as high as Rs 1,10,000 per 10 grams and $4,000 per ounce in the global market amid the persisting geopolitical uncertainties. ADVERTISEMENT According to a report by Angel One, gold prices should accumulate near the Rs 85,000 level when meaningful dips occur. 'Investors with a long-term perspective... should accumulate on every dip, taking advantage of value average for higher returns,' the report said. Further, from a portfolio strategy standpoint, Angel One recommends maintaining a gold allocation of at least 10%. Analysts at Angel One noted, 'Our advice to investors is to allocate at least 10% of their portfolio allocation towards gold for better diversification.'Echoing a similar sentiment, Joni Teves, Precious Metals Strategist at UBS Investment Bank, also stated that she is bullish on gold and believes that diversification is likely to continue to drive prices higher.'We remain bullish on gold and think diversification should continue to drive prices higher. We don't think positioning is crowded and there is plenty of room for investors to continue building gold allocations,' Teves said. ADVERTISEMENT Lingering worries over US fiscal deficits, globally surging bonds, Dollar weakness and intensifying trade war make a strong case for gold extending its rally further, though it is to be noted that markets are still somewhat sceptical of Trump's threat to the US Dollar Index has weakened 7% this year and is likely to fall further on US exceptionalism being put into question. USDINR volatility will significantly affect domestic gold prices. ADVERTISEMENT 'Gold bulls need to be cautious about the possibility of Trump shifting his stance on EU tariffs and progress in trade deals with other trading partners,' noted Praveen Singh of Mirae Asset Sharekhan.'A decisive breach of the resistance zone of $3365-$3371 may take the yellow metal to $3435 and will bring the all-time high of $3500 in focus,' Singh added while highlighting that he maintains a bullish stance on gold. ADVERTISEMENT After delivering strong gains over the past year and a half, the yellow metal continues to shine as a preferred asset for investors seeking long-term value and portfolio has historically proven to be a reliable wealth creator, especially in times of economic uncertainty, and recommends a strategy of value averaging for accumulation. ADVERTISEMENT Amid global macroeconomic shifts, central bank buying, and steady demand from jewellery and investment sectors, Angel One advises investors to allocate at least 10% of their portfolio to gold for better One, in its report, has also highlighted that gold has already delivered strong returns over the past one and a half years and continues to offer a compelling investment case for long-term one looks at the table below, it clearly states that investment in gold pays good returns. Hence, one should make investments in gold from a long-term the demand front, the report outlines that jewellery has consistently contributed over 50% of total gold demand for more than a decade. Additionally, central banks have emerged as a key source of demand post-COVID, with their interest in gold rising steadily over the past four years.'This trend will likely continue in 2025, boosting the yellow metal prices for the second half of 2025,' analysts at Angel One also emphasised the role of gold as a stable asset in uncertain times. 'Gold as an asset has been a good diversifier in any portfolio for decades,' the report said, adding that both geopolitical tensions and macroeconomic factors have influenced gold the supply side, it was mentioned that global gold supply has been steady at over 4,000 tons annually for the past decade, reinforcing the metal's fundamental strength. Also read: Bulls & bears played tug of war in June over last 10 years. Should you stay put or take a vacation? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
4 days ago
- Business
- Time of India
Gold prices to witness big moves, may hit Rs 1.10 lakh/10g in one year. Is now the time to buy?
Gold is poised for a significant rally over the next 12 months, with prices in India expected to surge to as high as Rs 1,10,000 per 10 grams and $4,000 per ounce in the global market amid the persisting geopolitical uncertainties. According to a report by Angel One, gold prices should accumulate near the Rs 85,000 level when meaningful dips occur. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Start Here - 2025 Top Trend Local network access control Esseps Learn More Undo 'Investors with a long-term perspective... should accumulate on every dip, taking advantage of value average for higher returns,' the report said. Further, from a portfolio strategy standpoint, Angel One recommends maintaining a gold allocation of at least 10%. Analysts at Angel One noted, 'Our advice to investors is to allocate at least 10% of their portfolio allocation towards gold for better diversification.' Echoing a similar sentiment, Joni Teves, Precious Metals Strategist at UBS Investment Bank, also stated that she is bullish on gold and believes that diversification is likely to continue to drive prices higher. Live Events 'We remain bullish on gold and think diversification should continue to drive prices higher. We don't think positioning is crowded and there is plenty of room for investors to continue building gold allocations,' Teves said. Lingering worries over US fiscal deficits, globally surging bonds, Dollar weakness and intensifying trade war make a strong case for gold extending its rally further, though it is to be noted that markets are still somewhat sceptical of Trump's threat to the EU. The US Dollar Index has weakened 7% this year and is likely to fall further on US exceptionalism being put into question. USDINR volatility will significantly affect domestic gold prices. 'Gold bulls need to be cautious about the possibility of Trump shifting his stance on EU tariffs and progress in trade deals with other trading partners,' noted Praveen Singh of Mirae Asset Sharekhan. 'A decisive breach of the resistance zone of $3365-$3371 may take the yellow metal to $3435 and will bring the all-time high of $3500 in focus,' Singh added while highlighting that he maintains a bullish stance on gold. After delivering strong gains over the past year and a half, the yellow metal continues to shine as a preferred asset for investors seeking long-term value and portfolio stability. Gold has historically proven to be a reliable wealth creator, especially in times of economic uncertainty, and recommends a strategy of value averaging for accumulation. Amid global macroeconomic shifts, central bank buying, and steady demand from jewellery and investment sectors, Angel One advises investors to allocate at least 10% of their portfolio to gold for better diversification. Angel One, in its report, has also highlighted that gold has already delivered strong returns over the past one and a half years and continues to offer a compelling investment case for long-term investors. If one looks at the table below, it clearly states that investment in gold pays good returns. Hence, one should make investments in gold from a long-term perspective. On the demand front, the report outlines that jewellery has consistently contributed over 50% of total gold demand for more than a decade. Additionally, central banks have emerged as a key source of demand post-COVID, with their interest in gold rising steadily over the past four years. 'This trend will likely continue in 2025, boosting the yellow metal prices for the second half of 2025,' analysts at Angel One said. It also emphasised the role of gold as a stable asset in uncertain times. 'Gold as an asset has been a good diversifier in any portfolio for decades,' the report said, adding that both geopolitical tensions and macroeconomic factors have influenced gold demand. On the supply side, it was mentioned that global gold supply has been steady at over 4,000 tons annually for the past decade, reinforcing the metal's fundamental strength. Also read: Bulls & bears played tug of war in June over last 10 years. Should you stay put or take a vacation? ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
26-05-2025
- Business
- Economic Times
Commodity Talk: Gold has more room to run and potential for stronger diversification, says UBS' Joni Teves
We remain bullish on gold and think diversification should continue to drive prices higher. We don't think positioning is crowded and there is plenty of room for investors to continue building gold allocations, says Joni Teves, Precious Metals Strategist at UBS Investment Bank. She thinks risks are skewed to the upside for gold, with the potential for even stronger diversification, especially if investors reallocate away from US assets into alternatives like gold. ADVERTISEMENT Q: The world seems to be a little less uncertain now with the US-China tariff truce, India-Pakistan ceasefire and other things. Do you think UBS's gold price target of $3,500 is achievable and sustainable in 2025?We remain bullish on gold and think diversification should continue to drive prices higher. We don't think positioning is crowded and there is plenty of room for investors to continue building gold allocations. Q: Gold prices have fallen by over 7% ($250) from their peak and are trading around $3,230 per ounce on the COMEX. Do you see the weakness to continue in the short term and what level could be hit on the downside? Price action is very headline driven at the moment. There is scope for consolidation over the Northern Hemisphere summer months, but we expect the market to be well supported over all. Interest to buy dips remains high in our view. Q: The demand for gold has been coming from various quarters like central banks, funds and retail investors and in that context do you think supply and demand are evenly matched and if there is a gap, can you quantify that? There has been an increase in demand for gold across the board, but limited supply response - there is no material hedging from producers and scrap flows are limited by expectations of even higher prices ahead. ADVERTISEMENT Q: How are you seeing credit rating cuts for the US by Moody's, Fitch and others and can it take the prices even beyond your targets?We think risks are skewed to the upside for gold, with the potential for even stronger diversification, especially if investors reallocate away from US assets into alternatives like gold. Q: What should be the strategy to trade gold and given the bullish view you have, how much should the allocation be in one's portfolio? The appropriate level of gold holdings depends on many factors such as the composition of the portfolio, risk appetite, macro view, etc. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
26-05-2025
- Business
- Time of India
Commodity Talk: Gold has more room to run and potential for stronger diversification, says UBS' Joni Teves
We remain bullish on gold and think diversification should continue to drive prices higher. We don't think positioning is crowded and there is plenty of room for investors to continue building gold allocations, says Joni Teves , Precious Metals Strategist at UBS Investment Bank . She thinks risks are skewed to the upside for gold, with the potential for even stronger diversification, especially if investors reallocate away from US assets into alternatives like gold. Q: The world seems to be a little less uncertain now with the US-China tariff truce, India-Pakistan ceasefire and other things. Do you think UBS's gold price target of $3,500 is achievable and sustainable in 2025? We remain bullish on gold and think diversification should continue to drive prices higher. We don't think positioning is crowded and there is plenty of room for investors to continue building gold allocations. Q: Gold prices have fallen by over 7% ($250) from their peak and are trading around $3,230 per ounce on the COMEX. Do you see the weakness to continue in the short term and what level could be hit on the downside? Price action is very headline driven at the moment. There is scope for consolidation over the Northern Hemisphere summer months, but we expect the market to be well supported over all. Interest to buy dips remains high in our view. Q: The demand for gold has been coming from various quarters like central banks, funds and retail investors and in that context do you think supply and demand are evenly matched and if there is a gap, can you quantify that? There has been an increase in demand for gold across the board, but limited supply response - there is no material hedging from producers and scrap flows are limited by expectations of even higher prices ahead. Q: How are you seeing credit rating cuts for the US by Moody's, Fitch and others and can it take the prices even beyond your targets? We think risks are skewed to the upside for gold, with the potential for even stronger diversification, especially if investors reallocate away from US assets into alternatives like gold. Q: What should be the strategy to trade gold and given the bullish view you have, how much should the allocation be in one's portfolio? The appropriate level of gold holdings depends on many factors such as the composition of the portfolio, risk appetite, macro view, etc.
South China Morning Post
15-05-2025
- Business
- South China Morning Post
Rate cuts to fuel gold's rally to US$3,600 by mid-2026, UBS strategist says
Gold prices are poised to rally into next year amid bets on an easier monetary policy cycle, adding fuel to the precious metal's record surge this year following a global tariff war, according to Swiss investment bank UBS. Advertisement Prices could reach US$3,500 per ounce by year end and US$3,600 by mid-2026, its Singapore-based strategist Joni Teves said on Wednesday. Geopolitical risks, tariff uncertainties and expected rate cuts by the Federal Reserve to fend off a recession would be reasons to own more gold, she added. Gold was an 'attractive and preferred' haven asset to diversify into the long term, she said during an online media briefing. Fund reallocation and efforts by investors to trim their exposure to US dollar-based assets are supportive of calls for diversification, she added. Joni Teves, precious metals strategist in Singapore at UBS Group. Photo: Handout Gold has risen 21 per cent this year, hitting an all-time high of US$3,431.77 on May 6, according to Bloomberg data, adding to a 27 per cent advance in 2024. Prices retreated to a one-month low of US$3,177.25 in recent trading, as risk appetite recovered following a temporary US-China tariff deal in Geneva earlier this week. 'With this recent tariff headline, the market is due for a period of consolidation,' Teves said, adding that prices could retreat to US$3,100 in the near term given a typically quiet summer months for gold. Still, the pullback provides an opportunity for investors waiting for better levels to get in, she said. Gold's appeal may be strengthened by bets on the Fed policy trajectory. There is a more than 50 per cent chance the Fed could cut its key rate in September, October and December policy meetings, according to odds compiled by CME Group. Prices jumped 7.8 per cent when the Fed cut rates on September 18 last year until it paused on January 29. Advertisement 'Our expectation is that the Fed continues to ease policy rates, given the downside risks to economic growth,' Teves said. 'It is key to our bullish gold outlook.'
