UBS maintains year-end gold price of $5600 and silver price forecast of $100

According to Dongxin News Agency, UBS maintains its forecast for year-end gold and silver prices at $5600 and $100 per ounce, respectively. UBS stated that although the Iran War has put pressure on gold prices, rising inflation and the Federal Reserve's decision to keep interest rates unchanged and compress real interest rates will support gold prices. The buying behavior of retail and institutional investors indicates that the theme of "diversified allocation" is stable, and global central banks are not expected to stop or directly sell gold.