UBS Team has actually elevated its 2026 mid-year gold rate target to $4,500 an ounce, up from $4,200 formerly, as the Swiss financial institution sees additional energy in a rally that has currently lifted the metal 56% higher this year.
In a note released Thursday, UBS experts stated the macroeconomic pressures behind gold’s current surge, consisting of Fed price cuts, geopolitical unpredictabilities and United States plan adjustments, are anticipated to maintain need raised following year.
An intensifying United States monetary expectation is most likely to maintain reserve bank and capitalist gold purchasing, provided its absence of counterparty threat, UBS experts stated, including that the financial institution anticipates exchange-traded fund (ETF) need to stay solid in 2026.
In the benefit situation, it sees gold getting to as high as $4,900 an ounce, which is $200 more than its previous projection and concerning 20% over present degrees. On the other hand, its drawback situation was maintained undamaged at $3,700 an ounce.
While UBS preserves gold’s financial investment allure heading right into 2026, it additionally mentioned numerous obstacles to its favorable expectation, such as a prospective Fed hawkishness and the threat of reserve bank gold sales.
UBS’ better expectation comes regardless of gold going into a stage of combination after hitting a record high of almost $4,381 an ounce specifically a month earlier. Ever since, gold has actually traded greatly in between the $4,000-$ 4,100 degree, in addition to a quick rise to almost $4,200 in mid-November.
Comparable to this year, UBS stated it anticipates an additional combination at around $4,300 an ounce in late 2026, when the United States midterm political election ends.
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发布者：Jackson Chen，转转请注明出处：https://robotalks.cn/ubs-lifts-2026-mid-year-gold-price-forecast-to-4500/
