Gold Prices Could Pull Back to $4,200

International Business News – UBS says gold prices （金価格）may see a near-term correction after such a strong performance, and now expects them to reach $4,200 per ounce in the coming months.

The UBS Global Wealth Management Chief Investment Office said the Federal Reserve is expected to cut interest rates further in the coming months, pushing up Asian currencies and US stocks.

Expecting Further Fed Rate Cuts

Following the Federal Reserve’s first rate cut of the year last week, the UBS Global Wealth Management Chief Investment Office predicts that the Fed could cut rates by another 75 basis points by the end of the first quarter of 2026.

The gold price was last quoted at $3,891, continuing to rise.