UBS lifts gold forecast to $4,900, sees rally lasting to 2026
UBS raised its gold price forecast again, now expecting a peak of $4,900 per ounce by mid-2026, citing supportive macro drivers such as Fed rate cuts, lower real yields, and geopolitical tensions. Gold is up more than 55% this year. The upgrade follows Goldman Sachs view earlier this week that gold could hit the same level by 2026.