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SocGen trims gold allocation amid rising volatility, keeps $6,000 target

Société Générale says gold has delivered strong returns and diversification benefits in an uncertain environment, but increasing market volatility is prompting the bank to scale back exposure. In its updated MultiAsset Portfolio strategy report for the second quarter, the bank's analysts said they are no longer overweight gold for the first time since 2022, while maintaining a $6,000 price target. Full story at Kitco:
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