UBS: It is expected that the price of gold will gradually fall by the end of the year and will continue to decline in the coming years.

Sina Finance reported on March 31st that UBS precious metals strategist Joni Teves recently warned that the prolonged conflict between the US and Iran and the sustained high oil prices may indicate that the rise in gold prices is coming to an end. She explained in a recent interview that the market is currently expecting the Fed to keep interest rates unchanged this year, which means that the possibility of gold prices rising is low. "Investors may be witnessing the end of the gold bull market," she said. "We believe that the gold cycle should roughly coincide with the Fed cycle, so we expect the price of gold to gradually decline by the end of this year, and the price of gold will fall in the coming years," she added. According to Teves, during times of market volatility, traders flock to safe-haven assets, so gold prices tend to rise during conflicts. However, gold prices are usually inversely related to Fed interest rates, meaning that when the central bank decides to cut rates, the price of gold will rise.