Lates News

In a seminar on international gold prices at UBS on May 15, UBS Precious Metals Strategist Joni Teves 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 price of $3,500 per ounce by the end of this year and to maintain that target price at the end of next year as well. She pointed out that the price of gold is expected to continue to rise in the first half of next year, reaching its peak in the third quarter and then stabilizing and gradually declining.