UBS Forecasts Gold Prices Could Reach $5,000 by Q1 2026
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- 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.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
