UBS sees gold price challenging $5,000/oz in H1 2027 on lower real rates, softer USD and strong sovereign demand - KITCO
UBS sees gold price challenging $5,000/oz in H1 2027 on lower real rates, softer USD and strong sovereign demand - KITCO
Source: KITCO
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DW NOTE
UBS projects gold at $5,000 by mid-2027 on lower real rates and a softer dollar — the same variables that were supposed to drive it there in 2024, then 2025, then 2026. Gold is currently at $4,416, down 17% from January's high, while real rates have risen and the dollar has held despite a closed Strait of Hormuz and a Fed that hasn't cut once this year. When the projection requires conditions opposite to what's actually happening, it's not a forecast — it's a wish list with a date attached.