UBS has maintained its forecast for gold to reach $5,400 an ounce by September 2027, while warning that higher US real rates and a firm dollar could trigger a near-term pullback toward $4,000, ADVFN reports via Yahoo Finance. Strategist Giovanni Staunovo sees $4,000 as a support level where longer-term buyers could step in.
The bank's quarterly path runs through $4,600 in December 2026, $5,000 in March 2027 and $5,200 in June — underpinned by central-bank demand it expects to total 750 to 1,000 tonnes a year, with preliminary September data showing China buying 23 tonnes and Uzbekistan 7 tonnes.
