UBP lowered the target price of gold to 4,800 US dollars per ounce at the end of the year. Despite being optimistic about gold for a long time, it is still not increasing its holdings. Currently, its gold allocation ratio is neutral, about 5%, which is lower than the overallocation level earlier this year. Paras Gupta, UBP's head of autonomous portfolio management in Asia, said in an interview that Gupta said that the previous overallocation “poses the greatest risk to our investment portfolio.” UBP hopes to see the Middle East cease-fire agreement maintained, while inflation and interest rates are more clear before increasing its holdings. Gupta said that for investors who currently have no gold holdings, the price of gold falling below $4,000 per ounce would be a very attractive entry point.

UBP lowered the target price of gold to 4,800 US dollars per ounce at the end of the year. Despite being optimistic about gold for a long time, it is still not increasing its holdings. Currently, its gold allocation ratio is neutral, about 5%, which is lower than the overallocation level earlier this year. Paras Gupta, UBP's head of autonomous portfolio management in Asia, said in an interview that Gupta said that the previous overallocation “poses the greatest risk to our investment portfolio.” UBP hopes to see the Middle East cease-fire agreement maintained, while inflation and interest rates are more clear before increasing its holdings. Gupta said that for investors who currently have no gold holdings, the price of gold falling below $4,000 per ounce would be a very attractive entry point.