UBS: Gold may retest the $4000 mark again, strong buy on dips demand will provide support According to BlockBeats, on October 23rd, UBS believes that gold prices may retest at $4000 per ounce, but expects strong buying demand at dips to provide support for gold prices and form a price bottom. Despite the rising real yields on US Treasury bonds and the strengthening of the US dollar putting pressure on gold prices, factors such as continued central bank purchases will provide support for gold. UBS predicts that central banks around the world will purchase 750 to 1000 tons of gold annually. [Original link]