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.

洞察:
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
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