---
title: "UBS cuts gold target as Fed outlook pressures prices"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289657446.md"
description: "UBS has lowered its near-term gold price target to $3,850–$4,000, citing pressure from a stronger U.S. dollar and Federal Reserve rate-hike expectations. Gold has entered a bear market, falling over 25% from January's record. Despite the short-term weakness, UBS remains positive on gold for the next year, supported by sustained central bank buying and potential dollar depreciation."
datetime: "2026-06-13T06:41:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289657446.md)
  - [en](https://longbridge.com/en/news/289657446.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289657446.md)
---

# UBS cuts gold target as Fed outlook pressures prices

Bear market return: Gold has fallen more than 25% from January’s record, entering its first bear market since 2022 amid stronger U.S. data and rate-hike bets. UBS price downgrade: UBS cut its near-term gold target to $3,850–$4,000, warning of further weakness before a potential rebound. Long-term supports: UBS cites sustained central bank buying and potential dollar weakness as reasons to stay positive on gold over the next year.

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