UBS: Gold Prices Face Short-term Pressure, Medium-term Correction Risks Rising

According to Odaily, UBS analyst Joni Teves stated in a report that gold prices may face short-term pressure, but the long-term outlook remains optimistic. She noted that concerns over the Federal Reserve's independence, escalating geopolitical tensions, and broader political uncertainty are supporting the price of this precious metal. However, although the medium- to long-term risks for gold remain tilted to the upside, this precious metals expert currently prefers to remain on the sidelines. "We believe that the short-term price movement has become overheated, and the risk of a medium-term correction is rising." (Golden Ten Data)