https://www.live-feeds.com/feed/gold-plunges-but-ubs-isn-t-budging-on-its-price-targetContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/gold-plunges-but-ubs-isn-t-budging-on-its-price-targethttps://www.live-feeds.com/feed/gold-plunges-but-ubs-isn-t-budging-on-its-price-target#u180911Fri, 06 Nov 2026 10:45:30 +0000UBS refuses to alter its price target despite gold dropping sharply to a one-year low below $3,900 an ounce. The bullion has plummeted roughly 29% from its record high of around $5,595 achieved in January. Meanwhile, a broader tech rout and white metals sinking into the oversold zone compound market pressures. Wall Street has pulled back following the dip below $3,900, while Main Street maintains a bullish majority bias as upcoming midterms and payroll data approach.Why it mattersGold traditionally rallies during periods of high inflation, higher oil prices, and geopolitical anxiety. The recen