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UBS expects the gold price to rise to $5,000 per ounce by the first half of 2027, supported by factors such as declining real yields, a weak dollar, and ongoing central bank demand. This forecast is based on improved investment demand amid increasing easing opportunities, as well as short-term risks including a strong US economy and rising oil prices. Although the path to this target may face challenges, the analysis reflects confidence in sustained support for gold over the medium to long term.
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