UBS(US:UBS) Sou Hu Cai Jing·2025-10-07 08:49Group 1: Gold Price Trends - International gold prices have reached a historic high, touching $4000.1 per ounce during Asian trading on October 7, marking the first time gold prices have crossed this threshold [1] - As of October 7, the December gold futures price on the New York Commodity Exchange was reported at $3999.9 per ounce, reflecting a 0.59% increase [1] Group 2: China's Gold Reserves - As of the end of September, China's gold reserves stood at 74.06 million ounces (approximately 2303.523 tons), with a month-on-month increase of 40,000 ounces (about 1.24 tons), marking the 11th consecutive month of gold accumulation [2] - China's foreign exchange reserves reached $333.87 billion by the end of September, an increase of $16.5 billion from the end of August, representing a 0.5% rise [2] Group 3: Future Price Predictions - BMO Capital Markets has significantly raised its price forecasts for gold, predicting an average price of $3900 per ounce in Q4 2025, an 8% increase from previous estimates, and $4400 per ounce in 2026, a 26% increase [3] - UBS has also forecasted a bullish outlook for the gold market, expecting prices to reach $4200 per ounce by mid-2026, citing factors such as a weakening dollar, central bank purchases, and increased ETF investments as supportive of higher gold prices [3]