UBS Global Wealth Management's Chief Investment Office stated that record-high gold prices could still rise further. The agency noted that gold prices hit an all-time high on Monday, having increased by over 27% since the beginning of 2024. The bank added that although record-high gold prices might deter some investors, further easing of monetary policy by the Federal Reserve, worsening tensions in the Middle East and Ukraine-Russia, as well as strong demand from investors and central banks, could support further increases in gold prices. (Jin Shi)

Odaily Planet Daily reported that the Chief Investment Office of UBS Global Wealth Management stated that record gold prices may continue to rise. The agency noted that gold prices reached an all-time high on Monday, having increased by over 27% since the beginning of 2024. The bank added that although record gold prices may deter some investors, further easing of monetary policy by the Federal Reserve, escalating tensions in the Middle East and Ukraine-Russia, as well as strong demand from investors and central banks, could support further increases in gold prices. (Jin Shi)

UBS: Record Gold Prices May Continue to Rise, Supported by Multiple Factors for Future Trends