Analysis: Gold spot price breaks through $3,800/ounce, agencies say there is still room for growth in the medium and long term
2025-09-29 22:04:17
Institutions believe that gold prices still have room to rise in the medium and long term, supported by factors such as the Federal Reserve's interest rate cut. The Office of the Chief Investment Officer (CIO) of UBS Wealth Management forecasts that gold prices may reach $3,900/ounce by mid-2026. From the domestic situation, the CIO said that although China's investment demand for gold has weakened in recent weeks due to the rise in its domestic stock market, it is expected that China's gold ETF holdings may recover as gold prices continue to rise. In addition, the latest policy address of Hong Kong, China plans to expand its gold reserves in Hong Kong and establish a gold central clearing system, which is also expected to provide support for gold prices.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Next article：
以太坊财库公司Bit Digital拟通过发行可转换债券筹集1亿美元
