UBS Lowers 2026 Gold Forecast

Swiss investment bank UBS has revised its year-end 2026 gold price forecast downward, citing pressure from high interest rates and a strong dollar. The bank cut its gold forecast from $5,900 per ounce to $5,500 per ounce. This revision indicates that negative effects on gold will persist in the short term. UBS expects gold to maintain its upward trend in the long run, supported by factors such as geopolitical risks and central bank gold purchases. However, short-term pressures have led to a downward revision in forecasts. Gold prices have recently come under pressure due to the Fed's interest rate hikes and a strengthening dollar. UBS's revised forecast suggests these pressures could persist until 2026. The bank emphasizes that investors should be cautious during this period. This is not investment advice.