Gold Stalls as UBS Tells Buyers ‘Get Out’ Before Losses Worsen

Gold Stalls as UBS Tells Buyers ‘Get Out’ Before Losses Worsen

(Bloomberg) — Gold slipped after finishing strongly last week, with UBS Group AG warning investors to rethink their bullion holdings as the global economy recovers and the greenback strengthens into next year.

Bullion had been clawing back some ground over the past week after better-than-expected U.S. jobs data sent prices tumbling on bets the Federal Reserve may start paring back massive monetary stimulus soon. This week, investors will parse through a speech by Chair Jerome Powell, as well…


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