UBS gold strategist Joni Teves said she remains constructive on gold medium-to-long term, noting prices have risen since early this week and Chinese mainland and Hong Kong gold equities gained about 20% over three days — a positive signal. UBS's global team forecasts gold at $4,675/oz by end-2026 and $4,800/oz by end-2027, and continues to expect prices to rebound from current levels before year-end. Teves flagged two near-term market catalysts: the Fed's policy tone at the late‑July FOMC and fu

UBS gold strategist Joni Teves said she remains constructive on gold medium-to-long term, noting prices have risen since early this week and Chinese mainland and Hong Kong gold equities gained about 20% over three days — a positive signal. UBS's global team forecasts gold at $4,675/oz by end-2026 and $4,800/oz by end-2027, and continues to expect prices to rebound from current levels before year-end. Teves flagged two near-term market catalysts: the Fed's policy tone at the late‑July FOMC and further developments in the Middle East.