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UBS sees gold price challenging $5,000/oz in H1 2027 on lower real rates, softer USD and strong sovereign demand

Barchart·08/13/2026 10:34:05
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(Kitco News) – Gold prices have faced the strong headwind of a high opportunity cost for much of 2026, but falling real rates will drive investors back to the precious metal, with a weaker dollar and strong central bank demand helping to propel prices back toward $5,000 per ounce in the first half of 2027, according to strategists at UBS.