Will gold be more expensive? UBS analysts significantly raised their price forecasts

2026-01-16 10:59:57

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When will the gold price fall, and when will it rise? In response to this question, UBS Group published an updated precious metal market analysis. The financial institution increased its price target for gold for three consecutive periods in 2026, suggesting that the metal will remain in a favorable market position.

UBS's New Gold Forecasts

According to a report prepared by UBS experts, the gold price forecast has been revised upward. By March 2026, analysts estimate the price at $5000 per ounce, while the forecast for June and September 2026 is also $5000 per ounce. This change represents a significant increase from previous estimates, which were $4500 per ounce.

Year-End Outlook

Although the forecasts for spring and summer 2026 are optimistic, analysts predict a slight correction toward the end of the year. It is estimated that by the end of 2026, the gold price could reach $4800 per ounce. This scenario suggests that despite a slight decline, gold will maintain a level significantly higher than what we observe today.

UBS maintains its long position in the gold market, indicating the institution's confidence in the asset's growth potential over the coming months.

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