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UBS raises upside case for gold to $4,900/oz by Q2 2026 on political and financial risks
UBS has raised its 2026 mid-year gold target price to $4,500/oz – up from $4,200 previously – on Fed rate cut expectations, persistent geopolitical risks, fiscal concerns and strong demand from central banks and ETF investors. “We expect gold demand to rise further in 2026, influenced by anticipated Fed rate cuts, lower real yields, continued geopolitical uncertainties, and changes in the domestic US policy environment,” UBS wrote in a note on Thursday. The bank also raised its upside target for gold by $200 to $4,900 per ounce on a possible spike of political and financial risks, but maintained its downside ... (full story)
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Total nonfarm payroll employment edged up by 119,000 in September but has shown little change since April, the U.S. Bureau of Labor Statistics reported today. The unemployment rate, at 4.4 percent, changed little in September. Employment continued to trend up in health care, food services and drinking places, and social assistance. Job losses occurred in ...
From investinglive.com | Nov 20, 2025
Gold eventually erased all the gains from last week's short-squeeze and it's now trading near key levels ahead of the US September NFP and the US Jobless Claims data. Strong data should keep weighing on gold as it would keep the market speculating on rate cuts pause, while weak data is likely to support the precious metal as it would give the Fed more ...
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