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UBS predicts $5,000 gold by 2027
UBS Bank expects gold prices to reach $5,000 an ounce in the first half of 2027, despite short-term volatility. Gold prices have risen significantly, with the spot price reaching $4,262.39 per ounce after hitting a seven-week high, supported by falling oil prices and expectations of declining inflation due to the potential end of the conflict in the Middle East. As the likelihood of a U.S. interest rate hike drops to 55% from 63% previously, gold is expected to remain a hedge against inflation, although rising interest rates reduce its appeal. Gold prices are still more than 20% below their January peak, while other precious metals have posted weekly gains amid ongoing economic and geopolitical tensions.
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