Gold prices will reach $5,000 per ounce by September 2026, and any increase in political or economic turmoil surrounding the U.S. midterm elections could push the yellow metal to $5,400, according to commodity strategists at UBS. In a new report published on Monday, the Swiss banking giant announced that it was raising its gold price target to $5,000 per ounce for the first three quarters of 2026. UBS strategists then expect the gold price to pull back to $4,800 per ounce by the end of 2026 – $500 higher than the previous forecast of $4,300 per ounce. UBS expects demand for gold will steadily increase in 2026, ... (full story)