UBS Chief Investment Officer Ulrik Hoffman-Burshardi and his team said, “This round of gold growth is supported by fundamentals. We expect the price of gold to move towards $5,000 per ounce in the first half of 2027.” Since the US and Israel launched a war against Iran at the end of February, the price of gold fell under pressure for a while. UBS strategists said that there are still risks in the short term. If oil prices rise, or if market pricing expects the Fed's monetary policy to be more hawkish and bonds to become more attractive, the price of gold will be under pressure; however, institutions remain optimistic about the medium- to long-term trend of gold.
Zhitongcaijing · 2d ago
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UBS Chief Investment Officer Ulrik Hoffman-Burshardi and his team said, “This round of gold growth is supported by fundamentals. We expect the price of gold to move towards $5,000 per ounce in the first half of 2027.” Since the US and Israel launched a war against Iran at the end of February, the price of gold fell under pressure for a while. UBS strategists said that there are still risks in the short term. If oil prices rise, or if market pricing expects the Fed's monetary policy to be more hawkish and bonds to become more attractive, the price of gold will be under pressure; however, institutions remain optimistic about the medium- to long-term trend of gold.
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