Core Viewpoint - UBS maintains a positive stance on gold, projecting an international spot gold target price of $6,200 per ounce in the coming months [1] Group 1: Geopolitical Risks and Monetary Policy - Analysts believe that geopolitical risks will remain high due to ongoing tensions between the U.S. and Iran, which will support gold prices [1] - The expected continuation of the Federal Reserve's easing cycle is anticipated to exert pressure on real interest rates, further benefiting gold [1] Group 2: Global Gold Demand and Supply - Global gold demand is projected to exceed 5,000 tons by 2025, driven by stronger investment flows and ongoing purchases by central banks [1] - Supply growth appears limited, with Wood Mackenzie estimating that around 80 mines will exhaust their current production plans by 2028, indicating limited supply elasticity in the short term [1]
瑞银：美联储降息及地缘政治风险加剧的背景下 金价将升至6200美元
Jin Rong Jie·2026-02-23 23:39