[UBS Expects Gold to Rise to $5,400 by September Next Year, with $4,000 Likely Becoming Key Support] BlockBeats News, October 12 — UBS stated that despite the strengthening of the U.S. dollar and rising U.S. real interest rates putting pressure on gold prices, as well as short-term speculative funds reducing net long positions in gold futures and options, gold ETFs have recently continued to see inflows, indicating that medium- to long-term allocation demand has not retreated. The bank predicts that gold prices may find support around $4,000 per ounce and rise to $4,600 by December 2026, $5,000 by March 2027, $5,200 by June, and $5,400 by September. UBS believes that sustained gold purchases by global central banks, strong demand from China, and India's festive season potentially driving physical gold demand will provide support for gold prices. Meanwhile, investor concerns over public debt, fiscal risks, and the long-term trajectory of the U.S. dollar may also enhance gold's appeal as an allocation asset. However, if the dollar and real yields continue to strengthen, gold prices may still face further short-term declines. Crédit Agricole, on the other hand, forecasts that gold prices will reach $5,000 per ounce by December 2026. Both institutions agree that central bank reserve diversification and market concerns over the Federal Reserve's policies being influenced by fiscal pressures could serve as drivers for gold's medium- to long-term price increases. [Original Link]