Wall StreetIncreasing the expectations of rise, gold -supported Altcoins came to the fore. The fact that large financial institutions such as Citi and UBS increase gold price forecasts increased both physical and gold -supported Altcoins. Ounce price of gold While moving towards $ 3,000, coins like Paxg and Xaut also took a share of this rise. UBS and Citi strategists believe that the uncertainties in the markets and the demand for under the geopolitical risks. This rising trend gold -supported altcoinstrengthens the performance of the s.
Citi and UBS raised its predictions for gold price
Both this week Citi as well as UBS He revised his predictions for the gold price. Citi, short -term gold price target to 3 thousand dollars, while the average annual estimated 2 thousand 900 dollars increased. The Bank was based on global growth concerns and increasing gold purchases of central banks.
UBS’s strategists gold price estimates increased to 3 thousand dollars. Since the beginning of the golden year, 9 percent of the year is currently traded for 2 thousand 860 dollars. UBS’s head investment authority Mark HaefeleHe said that the permanent charm of gold is once again proven as a value storage tool.
The estimates of both institutions reveal that geopolitical tensions and central banks support the demand for the tendency to move away from the dollar. Diversifying the reserves of central banks in developing markets, especially gold The tendency to increase purchases is among the main reasons for these estimates.
Gold -supported Altcoins attract investors
Gold PricesThe rise of the gold -supported Altcoins increased the popularity. For those who do not know, these Altcoins are supported by physical gold in 1: 1 and offer investors both the speed of the crypto money market and the safe port of gold.
PAX Gold (PAXG) and Tether Gold (Xaut), such as Altcoin, has performed better than the beginning of the year compared to traditional crypto currencies. Investors continue to turn to such secure assets in the face of uncertainties in global markets.
Gold -supported altcoinThe increase in the popularity of the s also reveals the tendency of investors to tend to more stable and reliable crypto currencies. Experts, these Altcoins, especially in wavy market conditions will attract more attention.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
