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UBS Strategist Views Gold Pullback to $4,000 as Buying Opportunity

GateNews
Metals

According to UBS strategist Joni Teves, gold should be considered a core portfolio holding amid high macroeconomic uncertainty, with the bank expecting prices to reach new highs this year. If gold prices pull back to test the $4,000 per ounce psychological level, this should be viewed as a favorable entry point, Teves said on May 13 via Gelonghui. UBS maintains a positive outlook on gold, with potential for medium to long-term prices to exceed previous forecasts, driven by sustained demand from both private and official sectors.

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