UBS
June 6, 2026
Gold Between Inflation Fears And Diversification Of Reserves
Weekly UpdateCommoditiesRates Govt Bonds
UBS expects the gold price to reach USD 5,500 by year-end 2026, supported by expected Fed easing and persistent central bank buying. Gold is increasingly viewed as a strategic hedge against global debt and geopolitical fragmentation.
Key Takeaways
- 1.The gold price is expected to reach USD 5,500 per ounce by the end of 2026 as Fed rate cuts resume.
- 2.Central bank demand remains a structural anchor for gold, providing a floor during cyclical weakness.
- 3.Gold serves as a strategic portfolio tool for diversification against debt, inflation, and regime-change risks.
Table of Contents
- Gold: Between inflation fears and diversification of reserves
- Global asset class preferences definitions
- Appendix
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Michael Bolliger
Securities
XAU
Themes
Central Bank Reserve DiversificationMonetary Policy & Real YieldsDebt Sustainability
Regions
Middle EastGlobalSwitzerland
