Can Gold Reach New Highs

Latest edition · June 8, 2026

Can gold reach new highs en 1661237

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.

Gold is currently trading roughly 20% below its January 2026 all-time high, hampered by a strong US dollar, high real yields, and geopolitical instability. However, UBS analysts maintain a positive outlook, citing enduring central bank demand and the role of gold as a strategic portfolio hedge. The firm forecasts a recovery to USD 5,500/oz as the Federal Reserve pivots to rate cuts and long-term structural factors like global debt and reserve diversification reassert their influence.

Key takeaways from the latest edition

• 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.

What this series covers

• 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.
• New this week
• One liner
• Did you know?
• Investment view

Edition archive

• Can gold reach new highs en 1661237

  June 8, 2026

• Can gold reach new highs en 1660895

  June 1, 2026

• Can gold reach new highs en 1660046

  May 18, 2026

• Can gold reach new highs en 1659745

  May 11, 2026