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Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
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UBS: Record gold prices may continue to rise, multiple factors support future trends
The September 24th data from Golden Ten News, the Chief Investment Office of UBS Global Wealth Management, stated that the record-breaking gold price still has the potential to pump further. The institution stated that the gold price hit a historical high on Monday, accumulating a pump of over 27% since the beginning of 2024. The bank added that although the record-breaking gold price may deter some investors, further relaxation of monetary policy by the Federal Reserve, worsened tensions in the Middle East and Ukraine-Russia, as well as strong demand from investors and Central Banks of various countries, may support the further pump of the gold price.