UBS Maintains Bullish Gold Outlook
UBS Bank expects gold prices to reach $5,000 per ounce during the first half of 2027, supported by declining real interest rates, a weak dollar, and continued central bank purchases, despite short-term market volatility. This forecast is driven by ongoing supportive factors such as lower interest rates and a resurgence in investment demand, with the Federal Reserve likely to keep interest rates unchanged in 2023 before lowering them in 2027. Central bank gold purchases are expected to range between 750 and 1,000 tons this year, although concerns remain about the impact of US economic data and oil prices on the market.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)