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Gold Demand Surge Prompts UBS to Lift Price Target to $3,600/oz

UBS boosted its gold price target by $100 to $3,600/oz for March 2026, with further upside to $3,700/oz by June. The bank points to sticky U.S. inflation, Fed policy easing, and ongoing dollar weakness as major supports for gold. UBS also highlights strong investment flows, with ETF demand forecast to hit its highest level since 2010 and central bank purchases remaining robust. Altogether, global gold demand is projected to rise 3% in 2025 to the highest level in over a decade.

Original Source: Mining Weekly

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