BlockBeats News, September 30th: In a report on Tuesday, UBS said that the gold market is currently leaning towards a bullish scenario, with the gold price expected to rise to $4,200 per ounce by mid-2026. The bank pointed out that factors such as a weaker US dollar, central banks’ large-scale gold purchases, and increased ETF investments are favorable for the gold price, while also recommending a gold allocation in the portfolio of around 5%.
UBS emphasized that gold has a low correlation with stocks and bonds, can serve as a hedge against inflation and geopolitical risks, and reminded investors to consider the risks associated with price volatility and potential changes in US monetary policy. (FX678)
