UBS Issues Record Gold Forecast: Ounce Price Could Surpass $6,000

Global Risks Drive Safe-Haven Demand Gold and silver markets began the week with strong upward momentum, influenced by global trade wars and geopolitical uncertainties.
New global tariffs announced by U.S.
President Donald Trump and escalating tensions between the U.S.
and Iran have triggered investor demand for safe-haven assets.
Trump announced a new tariff regime on global imports, which was initially planned at 10 percent but later increased to 15 percent.
This development has brought concerns regarding disruptions in global supply chains and potential retaliatory measures.
Economic Data and Inflationary Pressure Recent data from the U.S.
economy also supports the upward movement in gold prices.
The fourth-quarter growth rate slowed to an annual 1.4 percent, while the Personal Consumption Expenditures (PCE) price index rose 2.9 percent annually, reinforcing fears of slowing growth and persistent inflation.
With core inflation remaining at 3 percent—above target levels—gold has maintained its appeal as a hedge against inflation.
Current Market Prices As of February 23, current market figures are recorded as follows: Gram Gold: 7,488 TL Quarter Gold: 12,252 TL Half Gold: 24,494 TL Republic Gold: 50,055 TL Ounce Gold: $5,169 Gram Silver: 123 TL Ounce Silver: $87 UBS Record Forecast for 2026 Swiss investment bank UBS predicts that the rally in gold prices will continue in the long term.
Bank analysts estimate that gold per ounce could rise to $6,200 by mid-2026 and stabilize around $5,900 by the end of that year.
According to UBS, central bank gold purchases—expected to reach approximately 950 tons annually—and anticipated interest rate cuts will be the primary factors supporting prices.