UBS Sees Gold Hitting $5,000 by H1 2027 as Fed Easing Lowers Real Yields
Updated
Updated · Yahoo Finance · Aug 7
UBS Sees Gold Hitting $5,000 by H1 2027 as Fed Easing Lowers Real Yields
3 articles · Updated · Yahoo Finance · Aug 7
Summary
$5,000 an ounce is UBS's new target for gold in the first half of 2027, with strategists arguing the latest rally has fundamental support.
An 8% gain over the past five sessions accelerated after Friday's weak U.S. jobs report cut the odds of a Fed rate hike this year, helping gold futures jump 2%.
UBS said moderating inflation should let the Fed hold rates steady this year and resume easing in 2027, a mix that would lower real yields, weaken the dollar and lift investment demand.
Chinese buying, ETF inflows and expected central-bank purchases are adding support, though UBS flagged near-term risks if oil rises or markets turn more hawkish on Fed policy.
Gold is still roughly flat year to date after surging more than 65% in 2025, and has slipped since the Iran war began in late February.