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UBS analysts predict a period of consolidation for gold due to a stronger dollar and potential US fiscal stimulus concerns, before it climbs to $2,950 an ounce by the end of 2026. They expect gold to reach $2,900 an ounce by the end of next year, driven by central bank demand and geopolitical risks. Gold has surged 28% this year, supported by central bank accumulation and the Federal Reserve's shift to monetary easing.
UBS Group AG predicts that gold will reach $2,900 an ounce by the end of next year, following a similar forecast from Goldman Sachs. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts, before gold climbs further to $2,950 an ounce by the end of 2026.
UBS Group AG forecasts that gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" predictions for further gains as central banks increase their holdings. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts before gold climbs again, potentially hitting $2,950 an ounce by the end of 2026.
UBS Group AG forecasts that gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" predictions for further gains as central banks increase their holdings. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts before gold climbs again, potentially hitting $2,950 an ounce by the end of 2026.
UBS forecasts gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" prediction of $3,000, driven by central bank purchases and geopolitical tensions. Despite a potential consolidation phase due to a stronger dollar, ongoing strategic allocations and high macro volatility are expected to support prices. Currently, spot gold is trading near $2,630 an ounce, having risen 28% this year.
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