UBP sees gold holding near USD 4,150/oz despite higher US yields
UBP analysis flagged muted gold declines despite the Fed’s September 25-bp hike, with spot near USD 4,150 per oz. US 10-year yields hit 5.30%; 10-year TIPS yields rose to just below 3%, yet gold-rate correlations weakened. Investor inflows rose in August and early September; UBP sees limited downside as the long-end ra