UBS: Raises next year's mid-year gold price expectation to $3700, expects Fed rate cut to impact the US dollar.

According to the Wisdom Financial APP, UBS Group has raised its target price for gold at the end of March 2026 by $100 to $3,600 per ounce, and by $200 at the end of June to $3,700 per ounce. The reason for this is the continued macroeconomic risks in the United States, the trend of de-dollarization, and strong investment demand, especially from exchange-traded funds (ETFs) and central banks around the world, are expected to drive up the price of gold. The bank predicts that global gold demand this year is expected to increase by 3% to reach 4760 tons, the highest level since 2011.