Group 1 - Gold prices are approaching a new record, with UBS analysts raising their target price for gold to $3,900 per ounce from $3,700 per ounce in mid-2026 [1] - As of early Friday, gold was priced at $3,684.40 per ounce, surpassing the previous high set earlier in the week [1] - The recent surge in gold prices is attributed to expectations of the Federal Reserve restarting its easing cycle due to weak jobs data, forecasts for broad US dollar weakness, and ongoing geopolitical uncertainties [2]