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Gold Price Forecast: UBS Still Targets $5,900 Despite Recent Sell-Off
Gold prices remain under pressure after a volatile spring sell-off, with UBS trimming its short-term forecasts as stronger real yields and a firmer US Dollar continue to weigh on investor demand. At the time of writing, spot gold (XAU/USD) traded at $4,503, down 1.28% on the day and extending this month’s corrective pullback from April highs near $4,880. UBS believes the macro backdrop has become more challenging for gold in recent weeks, prompting the bank to lower its end-June forecast to $5,200 per ounce from a previous target of $6,200. The bank pointed to the combination of a stronger US Dollar, elevated oil ... (full story)
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- May 27, 2026 2:21am Posted byFundamental Analysis136
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