What Role Can Gold Play In Portfolios

Gold has recently struggled due to geopolitical conflict and high interest rates but remains an attractive portfolio diversifier. UBS maintains a positive long-term outlook, forecasting price appreciation through mid-2027.

Key Takeaways

• 1.Gold has faced headwinds due to Middle East conflict-related rate concerns but remains a strategic portfolio diversifier.
• 2.Price forecasts are lowered for the remainder of 2026, with an expectation to reach USD 4,600/oz by year-end.

Table of Contents

• The Middle East crisis has presented headwinds for gold.
• While a US-Iran peace deal will help, the outlook for gold has become less bright.
• That said, we expect gold to recover over the coming year and see it as a good diversifier for portfolios.
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