UBS raises gold targets for 2026
UBS raises gold targets for 2026
Swiss banking giant UBS has revised its gold price projections for 2026 upward, as gold prepares for its strongest annual close since 1979, according to the bank.
$5,000 target for the first three quarters
UBS expects gold prices to rise to $5,000 per ounce during the first three quarters of 2026. Previous forecasts had pointed to a $4,500 range for the same period.
Limited correction expected by year-end
The bank also noted the possibility of a limited correction in the final quarter, with prices potentially easing toward $4,800 per ounce.
“We maintain our long position”
UBS strategists emphasized that they continue to hold a long position in gold, stating: “We maintain our long position and raise our price target.”
Reasons behind the revised outlook
The updated projections are based on persistent geopolitical risks and ongoing uncertainty in global markets, which are expected to keep safe-haven demand strong and support gold prices in the coming period.
