UBS: Gold Still Has Potential to Hit New Highs This Year, Average Price of $5,000/Ounce

BlockBeats News, April 2, UBS strategist Joni Teves expects that despite the recent volatility in the gold price, the price of gold will hit a new high this year and sees the recent pullback as a buying opportunity. UBS expects the average gold price in 2026 to be $5000 per ounce, $4800 in 2027, and $4250 in 2028. (FX678)