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UBS On-Air: Market Moves

Tariffs, de-dollarization, and gold: Navigating market volatility

03 Jul 2025

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While optimism over easing tariff risks has buoyed markets so far, the US administration’s tough trade stance and the Israel-Iran conflict continue to fuel volatility and uncertainty. How can investors balance opportunity and risk amid these shifting dynamics? Plus, will the US dollar fall further, and what are the key strategies for diversifying beyond the USD?

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