Gold to hit $5,000 by 2027

UBS, the Swiss bank, expects gold prices to reach $5,000 per ounce by the first half of 2027, supported by sustainable factors that bolster the precious metal in the medium and long term, despite potential short-term volatility. This outlook comes after gold rose by more than 5% since the start of the week, driven by declining oil prices and easing inflation concerns, as investors await U.S. labor market data to determine the future direction of interest rates.

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