Gold will reach $5,000/oz by Q1 2026 amid broader commodities rally – UBS

(Kitco News) – Central bank buying, growing fiscal deficits, lower U.S. interest rates, and ongoing geopolitical risks will propel gold prices to $5,000 by the end of the first quarter, even as the broader commodities complex rally continues, according to Dominic Schnider, Head of Commodities & APAC Forex CIO at UBS Wealth Management.