UBS on Monday raised its gold target price for end-March 2026 by $100 to $3 600 per ounce as persistent US macroeconomic risks, de-dollarization trends, and strong investment demand — especially from exchange-traded funds (ETFs) and central banks — are expected to drive gold prices higher. UBS also lifted its end-June 2026 forecast by $200 to $3 700 per ounce and introduced a new end-September 2026 target at the same level. The bank expects sticky US inflation, below-trend growth that is likely to prompt US Federal Reserve policy easing, and continued dollar weakness will collectively support higher gold prices. ... (full story)