UBS Forecasts Gold Prices Could Reach $5,000 by Q1 2026
- Interest Rate Impact: UBS forecasts that the Federal Reserve will begin cutting rates in March 2026, a policy shift that will significantly enhance gold's appeal by lowering the opportunity cost of holding non-yielding assets, potentially triggering a sharp repricing of gold.
- Safe Haven Demand Support: Amid rising geopolitical tensions and economic uncertainty, investor demand for traditional safe-haven assets like gold is expected to remain elevated, providing additional upward pressure on prices and reinforcing gold's role as a store of value.
- Momentum Continuation: UBS notes that gold prices reached record highs in late 2025, with momentum still intact, supported by growing expectations that global central banks will shift towards easier monetary policy in 2026, further aiding gold price increases.
- Strong Conviction Outlook: UBS analyst Michael Bollinger emphasizes that once the Federal Reserve starts cutting rates, gold prices are likely to rally sharply, with a target of $5,000 in Q1 2026 seen as not only plausible but increasingly likely.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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