UBS(US:UBS) news flash·2025-05-01 09:52Core Viewpoint - UBS analysts suggest that the upcoming non-farm payroll report could be a crucial factor for gold prices to rebound to $3,500 per ounce, depending on the employment data's impact on Federal Reserve policy [1] Group 1: Market Conditions - Gold prices fell to a two-week low due to increased risk appetite stemming from signs of easing trade tensions, which diminished gold's appeal as a safe-haven asset [1] - A stronger US dollar has also contributed to the downward pressure on gold prices [1] Group 2: Analyst Insights - Giovanni Staunovo from UBS indicated that market optimism regarding the US signing lower tariff agreements with other countries is affecting gold prices negatively [1] - A weak employment report is expected to bolster calls for further interest rate cuts by the Federal Reserve, potentially allowing gold prices to rise in the coming months [1]