UBS precious metals strategist Joni Teves: Gold prices are expected to rise to $3,500 by the end of the year.

On May 15, in a sharing session about international gold prices at UBS, Joni Teves, a precious metals strategist at UBS, stated that despite the many uncertainties in the current market, including tariff issues and broader macroeconomic and geopolitical risks, these factors have actually created a bullish backdrop for gold. UBS remains optimistic about the long-term price of gold, with Teves stating that they expect the price of gold to reach a target of $3500 per ounce by the end of this year, and the target price for the end of next year also remains at $3500 per ounce. She pointed out that the price of gold will continue to rise in the first half of next year, expecting it to peak in the third quarter, before stabilizing and gradually declining.