UBS: Gold price may reach $4,200 by mid-2026

Jinse Finance reported that UBS stated in a report on Tuesday that the gold market is currently leaning towards a bullish scenario, expecting gold prices to rise to $4,200 per ounce by mid-2026. The bank pointed out that factors such as a weakening US dollar, large-scale gold purchases by central banks, and increased ETF investments are favorable for gold prices. UBS also recommends that gold should account for around 5% of an investment portfolio. UBS emphasized that gold has a low correlation with stocks and bonds, making it a tool for hedging against inflation and geopolitical risks, while also reminding investors to consider risks related to price volatility and potential changes in US monetary policy.