Gold forecast: what is the future price

UBS Bank has lowered its gold price forecasts by between $300 and $900 per ounce, citing strong US economic data and the possibility of delaying interest rate cuts until 2027. Nevertheless, the bank maintains a positive outlook for gold in the coming months, with expectations that the price could drop to $3,500 if the closure of the Strait of Hormuz continues until the end of summer, representing a nearly 20% decline compared to last week's levels. The precious metal is facing pressure due to robust US market data and rising real yields, causing it to fluctuate, with expectations of further declines in its value.

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