[Analysis: Spot gold price breaks $3,800/ounce, institutions claim there is still room for long-term growth] Reported by Jinse Finance, institutional experts believe that supported by factors such as the Federal Reserve's interest rate cuts, gold prices still have room for long-term growth. The UBS Wealth Management Chief Investment Office (CIO) predicts that by mid-2026, gold prices may reach $3,900/ounce. From a domestic perspective, the CIO stated that although China's investment demand for gold has weakened in recent weeks due to the rise in its domestic stock market, as gold prices continue to climb, it is expected that China's gold ETF holdings may recover. Additionally, Hong Kong's latest policy address plans to expand gold reserves in the region and establish a central gold clearing system, which is also expected to provide support for gold prices.