New Gold Market Forecast from UBS: Expectation of 5,400 Dollars in 2027
International investment bank UBS predicted in its latest report that spot gold prices will enter an upward trend in the upcoming period.
While gold prices in global markets moved with selling pressure and downward movements in the first trading days of the week, new forecasts announced by UBS brought medium-term expectations to light.
Short-Term Decline in Gold Prices
Closing last week at 4,347 dollars, spot gold experienced a value loss exceeding 1.8 percent on a weekly basis, giving back its previous gains.
Continuing its downward trend in the new week, spot gold declined to 4,288 dollars, while gram gold saw 6,732 Turkish Liras in the domestic market.
UBS's 2026 and 2027 Targets
According to the September 10 UBS report, upward momentum in spot gold is expected to regain speed in the coming months.
The bank projects that spot gold will reach 4,600 dollars in December 2026, 5,000 dollars in March 2027, 5,200 dollars in June 2027, and 5,400 dollars in September 2027.
Risks Pressuring Prices
According to UBS evaluations, high interest rates continue to be one of the most important risk factors in terms of gold prices.
The bank's report states that the Fed implementing two rate hikes in 2026 could create pressure on the precious metal.
Supporting Factors and ETF Inflows
Strong gold demand from central banks and capital inflows towards gold-backed funds are among the main elements supporting prices upward.
According to World Gold Council data, there was an inflow of 18 billion dollars into gold-backed ETFs in August, and the total assets of the funds broke a record at 4,189 tons.