Gold has continued to hit record highs despite several headwinds and UBS expects the price to see a pullback in the near term and then rally to further new records later in the year. The Swiss bank sees gold being supported by several trends. These include the US Federal Reserve "appearing on track" to cut interest rates, support for gold from central banks and investors buying gold, and heightened geopolitical risk. “We remain positive on the price of gold for 2024, and continue to recommend it as a portfo ...