UBS: gold is heading towards $4,200, correction is not the end

2025-11-28 20:16:03

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BS does not see anything terrible in the current decline in gold prices. According to Swiss analysts, this is just a temporary shake-up before a new rise.

Main Scenario: gold will pull to $4,200 per ounce. But if geopolitical risks escalate or another market shock occurs, the price could soar to $4,700.

Why UBS is confident:

There is no foundation for the sale — this is pure technique.
The demand from central banks and investors remains strong.
According to the World Gold Council, demand is only rising in Q3
Futures position stories show that large players remain in the game.

Simply put: dip is a buy, not a sell signal.

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