Deep Tide TechFlow News, February 20th, according to Jin10 Data, UBS reiterates a positive stance on gold, expecting the target price of international spot gold to reach $6,200 per ounce in the coming months. Analysts believe that geopolitical risks will remain high amid tensions between the US and Iran, while the Federal Reserve's easing cycle is expected to continue, putting pressure on real interest rates. Analysts point out that global gold demand will surpass 5,000 tons by 2025. UBS forecasts that, driven by stronger investment flows and continued purchases by central banks worldwide, gold prices will further rise. On the supply side, growth appears to be limited. Although high gold prices may incentivize exploration activities, consulting firm Wood Mackenzie estimates that by 2028, about 80 mines will exhaust their current production plans, indicating limited short-term supply flexibility.