UBS said gold could retest $4,000 per ounce while expecting strong buying on dips to help support prices, according to an Oct. 23 BlockBeats report.
Central-bank demand in focus
The bank projected annual gold purchases by central banks of 750 to 1,000 tonnes, citing continued official-sector buying as a source of support. It also pointed to rising U.S. Treasury real yields and a stronger dollar as pressures on gold.
Source: BlockBeats, 2026-10-23 11:24:23 UTC.