Woofun AI notes that UBS gold strategist Joni Teves maintains a positive medium-to-long-term outlook for gold. She highlighted a recent price increase and a 20% rise in Mainland China and Hong Kong gold stocks over three days as signs of improving market confidence. The UBS global team projects gold prices will reach $4675 per ounce by the end of 2026 and $4800 per ounce by the end of 2027. Key factors to monitor include the Federal Reserve's policy stance at the July FOMC meeting and developments in the Middle East.