Analysts at UBS remain bullish on the price of gold in 2026-2027 despite recent weakness, arguing that the latest correction offers investors an opportunity to add exposure rather than abandon the precious metal. The bank forecasts the gold price rising from around $4,000 per ounce today to $5,200 by June 2027, even as higher oil prices and expectations for elevated US interest rates create near-term headwinds. The price of Gold in US Dollars (XAU/USD) traded close to $4,090 on Thursday after recovering modestly from recent lows, having fallen sharply from February's record highs above $5,500. The six-month chart ... (full story)