According to a note from UBS, gold prices are expected to reach $5,000 per ounce in the first half of 2027. This prediction comes as spot gold currently trades around $4,295 per ounce, down 23% from its record high in late January.
Market Factors
The conflict in the Middle East has fueled inflation concerns, leading to expectations that the U.S. Federal Reserve will keep interest rates higher for longer. However, UBS expects inflation to moderate gradually, allowing the central bank to keep interest rates on hold this year before resuming its easing cycle in 2027.
UBS Chief Investment Officer Mark Haefele stated that periods of weakness toward $4,000/oz or below may ultimately prove to be opportunities to build strategic exposure.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
