BlockBeats News: On January 30, UBS Group maintained a bullish stance and raised its price targets for gold in March, June, and September 2026 to $6,200 per ounce (previously $5,000 per ounce), expecting a mild decline to $5,900 per ounce by the end of 2026. UBS currently forecasts an upside scenario target of $7,200 per ounce and a downside scenario target of $4,600 per ounce (close to one standard deviation of volatility). (Gold10)
UBS Raises Gold Price Target to $6,200 per Ounce by 2026
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Summary
UBS Group has raised its gold price target to $6,200 per ounce for March, June, and September 2026, up from $5,000. On-chain data indicates continued interest in altcoins amid bullish market sentiment. The bank expects gold to slightly decline to $5,900 by the end of 2026, with upper and lower scenario targets at $7,200 and $4,600, respectively.
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