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Gold will reach $5,000/oz by Q1 2026 amid broader commodities rally
Central bank buying, growing fiscal deficits, lower U.S. interest rates, and ongoing geopolitical risks will propel gold prices to $5,000 by the end of the first quarter, even as the broader commodities complex rally continues, according to Dominic Schnider, Head of Commodities & APAC Forex CIO at UBS Wealth Management. “Commodities are set to play a more prominent role in portfolios in 2026,” Schnider wrote on Monday. “Our forecasts point to attractive returns, supported by supply-demand imbalances, heightened geopolitical risks, and long-term trends like the global energy transition. Within the asset ... (full story)