Gold Price Forcast Ubs

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Gold Price Forcast Ubs

Gold To Touch $5,900 By Late 2026 - UBS

UBS has made a very bold prediction by setting a target of $5,900 for Gold. This comes at a time when the US Dollar is showing its strength and real yields are inching higher.

UBS added that the macro backdrop will be challenging for Gold in the coming months. The challenges faced by Gold include a strong US Dollar, high oil prices, and rising bond yields.

Structural Demand For Gold Remains Strong

However, the structural demand for the yellow metal remains strong. So, the demand will remain strong as the central banks will continue to buy more gold.

The bank added that global growth will remain slow for the rest of 2026. On top of that, geopolitical uncertainty and supply chain disruption are also a reality.

All of these things will contribute to renewed demand for the safe haven assets like Gold. If we look back, gold has performed well when unemployment and inflation rise.

With all things considered, UBS expects the Gold to stage a strong recovery in 2H2026. The bank is expecting the Gold to cross the $5K level and close near $5,900 by late 2026.

The bank added that a stronger USD and high yields will only be a hindrance for Gold in the short-term. The underlying bullish trend and the demand for Gold in the long-term will remain unaffected.

If we look back at the Gold prices in 2025, it becomes clear that it is in a long-term uptrend. UBS expects the volatility to remain high in the coming months.

They added that the key catalysts for Gold in the coming months will be energy prices and geopolitics. In addition, changes in Federal Reserve policy will also be closely watched.

The bottom line is that there are many things that will push the Gold prices. The biggest catalysts are central bank buying and the risk of stagflation. Also, high geopolitical uncertainty will also send the prices towards $5,900.

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