UBS Cuts 2026 Gold Forecast

UBS, one of the world's leading investment banks, has revised down its gold price forecast for the end of 2026. The bank cited high interest rates and a strong dollar as factors putting pressure on gold. UBS analysts emphasized that these factors will limit gold prices in the short term, but geopolitical risks and central bank gold purchases will continue to support a rise in the long term. With the revised forecast, the bank expects the balancing process in the gold market to continue. It was stated that investors should closely monitor macroeconomic developments and central bank policies. This is not investment advice.