US stock market trend | UBS lowers the S&P 500 target for this year

SighingCashier · 2026-04-07T16:01:20+00:00

UBS Global Wealth Management lowers its 2026 S&P 500 target to 7,500 points due to rising oil prices driven by Middle East conflicts, impacting the US economy and inflation. At the same time, it cuts its gold price forecast at the end of June to $5,200 and maintains the year-end forecast at $5,900, believing that the recent weakness in gold prices is temporary.

SighingCashier

2026-04-07 16:01:20

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UBS Global Wealth Management cuts its 2026 year-end target for the S&P 500 index, saying that the ongoing Middle East conflict has kept oil prices elevated, which could put pressure on U.S. economic growth and inflation.

UBS reduced its year-end target for the index from 7,700 points to 7,500 points.

Cut to the June-end gold price forecast

UBS lowered its June-end gold forecast price to $5,200 per ounce, reflecting weakening investor demand amid a backdrop of heightened volatility. With the current macroeconomic environment signaling that the market has moved away from the earlier disinflation narrative, this is creating short-term headwinds for the gold market.

UBS maintained its year-end forecast at $5,900 per ounce, believing that the gold price’s recent weakness is only a temporary phenomenon rather than a structural shift.

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