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International Business Times
International Business Times
Business

The Gold Rally Has More Room To Run, UBS Says; Bullion Could Hit $5,000 By Early 2027

UBS Gold United States the Federal Reserve
Gold recently climbed to a seven-week high after weaker-than-expected U.S. labor market data strengthened expectations that the Federal Reserve could begin easing monetary policy sooner than previously anticipated.

Gold could feature another rally, with Swiss banking giant UBS forecasting that it could climb to $5,000 per ounce by the first half of 2027.

Gold recently broke above the $4,000-$4,100 trading range that had capped prices for several weeks. UBS said the breakout signals renewed momentum and reflects strong underlying demand for the precious metal.

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