UBS raises gold target to $6,200/oz, sees slight dip by year‑end
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UBS has raised its gold price target to $6,200 per ounce for March, June, and September 2026, up from a previous forecast of $5,000, due to stronger demand driven by increased investment. However, a slight decline to $5,900 is expected by the end of 2026 post-U.S. midterm elections. Spot gold prices recently peaked at $5,594.82 per ounce, reflecting a nearly 24% increase this month amid geopolitical and economic uncertainties. UBS anticipates sustained central bank buying and ETF inflows, with potential price scenarios ranging from $4,600 to $7,200 per ounce depending on market conditions.
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