UBS: Gold prices face short-term pressure, with increased risk of medium-term correction.

UBS analyst Joni Teves stated in a report that gold prices may face short-term pressure, but the long-term outlook remains optimistic. She noted that market concerns about the Federal Reserve's independence, escalating geopolitical tensions, and broader political uncertainty are supporting the precious metal's price. However, despite the medium- to long-term risks for gold remaining skewed to the upside, the precious metals expert currently prefers to remain on the sidelines. "We believe that short-term price movements have become overheated, and the risk of a medium-term correction is rising." (Jinshi)