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UPS Gold falls to $4,000 amid buying opportunity
UBS Bank expects the gold price to retest support levels near $4,000 an ounce in the short term, due to rising real yields in the United States and a strong dollar, which increase the cost of holding the non-yielding metal. Nevertheless, investment fund holdings remain resilient thanks to ongoing inflows, supported by structural demand from central banks, concerns over sovereign debt, and demand from China and India. The bank continues to hold an optimistic outlook, anticipating gold reaching $4,600 by December and $5,400 by the end of 2027, advising investors to take advantage of price dips to increase their holdings.
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