UBS Raises Gold Price Target to $5,400 Amid Geopolitical and Economic Uncertainty
UBS has revised its Gold price forecast upward, projecting a potential surge to $5,000–$5,600 per ounce by Q3 2026. The bank cites escalating geopolitical tensions and U.S. economic conditions as key drivers. A temporary pullback to $4,800 is anticipated in mid-2026 before resuming its upward trajectory.
The bullish outlook hinges on sustained demand for gold futures, fueled by anticipated rate cuts and bond yield dynamics. Political risks surrounding U.S. midterm elections could accelerate gains, pushing gold toward the $5,400 threshold.