UBS expects gold to rebound to USD 5,500/oz by year-end 2026, viewing current price weakness as a temporary result of US dollar strength and interest rate fears.
Key Takeaways
- 1.Gold prices are expected to rise to USD 5,500/oz by the end of 2026 due to robust demand and future Fed rate cuts.
- 2.Recent price weakness is attributed to US dollar strength, high energy prices, and geopolitical tensions.
Table of Contents
- Can gold reach new highs?
- Key message
- 01 Gold remains well below its January highs.
- 02 But we remain confident that gold prices will move higher.
- 03 We expect gold prices to reach USD 5,500/oz by year-end.
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Authors
Giovanni StaunovoDominic SchniderJon GordonMatthew Carter
Securities
XAU
Themes
Central Bank Reserve DiversificationUS Fiscal Deficits
Regions
Middle EastUnited States