UBS: Gold prices expected to rebound by the end of 2026.

UBS's Joni Teves remains optimistic about the medium to long-term trend of gold. The gold strategist commented that a positive sign is that the price of gold has risen since the beginning of this week, and gold stocks in Hong Kong and Mainland China have increased by about 20% in three days. "We believe that market sentiment towards gold is beginning to improve, and we continue to expect the price of gold to rebound from current levels before the end of the year," she said. UBS's global team remains optimistic about the medium-term outlook for gold, and expects the price of gold to reach $4,675 per ounce by the end of 2026 and $4,800 per ounce by the end of 2027. She mentioned that the next key events to watch for are the policy tone of the Federal Reserve at the end of July during the Federal Open Market Committee meeting, and further developments in the Middle East region.