UBS analysts significantly increase their optimism regarding gold prices in the long-term outlook. The financial institution has raised its price forecasts for the period from March to September 2026 to $5,000 per ounce, representing an increase from previous expectations of $4,500 per ounce.

Gold price forecasts for the next year reflect UBS's continued long position in this precious metal. According to the report, a slight decline to $4,800 per ounce is expected in the last quarter of 2026, which still remains at levels significantly higher than current quotes.

The change in forecasts suggests growing confidence among analysts in the sustainability of upward trends in the gold market. The steadily increasing investor interest in gold as a portfolio hedge and geopolitical uncertainty remain key factors supporting gold price increases over several months, as reflected in UBS's updated estimates for 2026.