Eco
Union Bancaire Privee resumed increasing its gold investments.
After reducing exposure due to the Iran war volatility.
It expects prices to reach $6000 per ounce.
Driven by economic and geopolitical factors.
The bank is reintroducing gold into portfolios.
After cutting exposure from 10% to 3%.
Paras Gupta said balance has returned to markets.
With more stable investor behavior.
Gold dropped about 10% since the crisis began.
Due to inflation and energy pressures.
It also declined after failed Islamabad talks.
Amid rising concerns over the Strait of Hormuz.
