[UBS: Gold Prices May Reach $4,200 by Mid-2026] According to a report by Golden Finance, UBS stated on Tuesday that the gold market currently leans toward a bullish scenario, projecting that gold prices could rise to $4,200 per ounce by mid-2026. The bank pointed out that factors such as a weakening U.S. dollar, significant gold purchases by central banks, and increased ETF investments are favorable for gold prices. It also recommended that gold allocation in investment portfolios be around 5%. UBS emphasized that gold has a low correlation with stocks and bonds, making it a tool for hedging against inflation and geopolitical risks, while reminding investors to consider risks associated with price volatility and potential shifts in U.S. monetary policy.