IUX24
TopMarketWorldEconomyFinanceTechnologyBusinessPoliticsAnalysis & Opinion

UBS Lifts Gold Price Target to 6200 Dollars per Ounce Amid Record Spot Prices and Surging Investment Demand

UBS Group AG raised its gold price target to $6,200 per ounce citing strong investment demand. Spot gold reached a record $5,594.82 as multiple banks upgraded their outlooks for 2026.

Insights:
UBS Group AG increased its gold price target to $6,200 per ounce for March, June, and September 2026 in a research note dated January 29, 2026. This significant upward revision follows stronger-than-expected investment demand. The move comes as spot gold hit an all-time high of $5,594.82 on Thursday, marking a period of intense market activity where the precious metal has climbed more than 20% so far in January. The commodity is currently heading for its sixth straight monthly gain and its largest monthly advance since 1980.
FILE PHOTO: An employee uses a hammer to clean a gold ingot during the refining process at AGR (African Gold Refinery) in Entebbe, Uganda, October 4, 2018. REUTERS/Baz Ratner/File Photo
FILE PHOTO: An employee uses a hammer to clean a gold ingot during the refining process at AGR (African Gold Refinery) in Entebbe, Uganda, October 4, 2018. REUTERS/Baz Ratner/File Photo
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.