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

2026-05-13 01:52:17

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.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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