UBS forecasts gold reaching $5,000 in 2027
UBS Bank expects the price of gold to rise to $5,000 per ounce by the first half of 2027, supported by sustainable factors that reinforce its long- and medium-term outlook, despite potential short-term volatility. The decline in oil prices and upcoming U.S. labor market data have increased demand for gold as an inflation hedge, with its current trading price showing a significant rise, and expectations indicating no major change in U.S. interest rates in September.
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