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Gold price target significantly raised, UBS lifts 2026 outlook
UBS Group has updated its latest gold market analysis and raised its price target for 2026. The firm expects gold prices to rise to $5,000 per ounce from the first to the third quarter of 2026. This is an upward revision of $500 from the previous forecast of $4,500 per ounce.
The bullish outlook on gold is supported by multiple market factors. UBS’s upward revision can be seen as further solidifying gold’s position as a key asset in investors’ portfolios.
Meanwhile, the firm predicts a slight correction in gold prices by the end of 2026, expecting a modest decline to around $4,800 per ounce. Even at this level, it is anticipated that the market will continue to perform steadily compared to the current environment.