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Story summary
- UBS Group AG economists say gold prices stabilized around $4,671 after a correction.
- Challenges, including a stronger US dollar and higher oil prices, should cap gains.
- Investors cooled demand as volatility eased, prompting UBS to lower its end-June forecast.
- They do not view this weakness as structural, citing ongoing central bank demand.
- Looking ahead, UBS projects gold to reach $5,900 by late 2026, amid stagflation and geopolitical risk.
