UBS's Joni Teves remains optimistic about medium- to long-term gold trends. The gold strategist said in his comments that one positive sign is that gold prices have risen since the beginning of this week, while gold stocks in Hong Kong and mainland China have risen by about 20% in three days. “We think market sentiment towards gold is beginning to improve, and we continue to expect gold prices 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 anticipates that by the end of 2026 and 2027, the price of gold will reach $4,675 per ounce and $4,800 per ounce, respectively. She said that the next key event to pay attention to is the Fed's policy tone at the US Federal Open Market Committee meeting at the end of July, as well as further developments in the Middle East region.

UBS's Joni Teves remains optimistic about medium- to long-term gold trends. The gold strategist said in his comments that one positive sign is that the price of gold has risen since the beginning of this week, while gold stocks in Hong Kong and mainland China have risen by about 20% in three days. “We think market sentiment towards gold is beginning to improve, and we continue to expect gold prices 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 anticipates that by the end of 2026 and 2027, the price of gold will reach $4,675 per ounce and $4,800 per ounce, respectively. She said that the next key event to pay attention to is the Fed's policy tone at the US Federal Open Market Committee meeting at the end of July, as well as further developments in the Middle East region.