---
title: "UBS Sees Gold Sentiment Improving After Price Rebound"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293557552.md"
description: "UBS reports improving gold sentiment following a price rebound, with Hong Kong and mainland gold stocks rising ~20% in three days. This optimism is driven by weaker-than-expected nonfarm payroll data and cooling inflation (CPI/PPI). UBS maintains a positive medium-term outlook, forecasting gold prices at $4,675/oz in 2026 and $4,800/oz in 2027."
datetime: "2026-07-23T04:19:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293557552.md)
  - [en](https://longbridge.com/en/news/293557552.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293557552.md)
---

# UBS Sees Gold Sentiment Improving After Price Rebound

UBS global research precious metals strategist Joni Teves said gold prices have rebounded since the start of this week, while Hong Kong and mainland gold stocks have gained about 20% over the past three days. UBS said gold investment sentiment is starting to improve, helped by weaker-than-expected nonfarm payroll data and softer inflation readings, with both CPI and PPI continuing to cool, according to Ming Pao. The UBS global team remains positive on gold's medium-term outlook and forecasts gold prices at $4,675 an ounce in 2026 and $4,800 an ounce in 2027.

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