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

GateNews

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 parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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