BlockBeats News, August 7th, UBS Chief Investment Officer Ulrich Hoffman-Bourdalle and his team stated: "The current gold rally is fundamentally supported. We expect the price of gold to reach $5000 per ounce in the first half of 2027." Since the end of February, after the US and Israel launched a war against Iran, the price of gold came under pressure. UBS strategists stated: In the short term, there are still risks. If oil prices rise, or if the market prices in a more hawkish Fed monetary policy, or if bond yields become more attractive, the price of gold will face pressure. However, institutions remain optimistic about the medium to long-term outlook for gold.

Hoffman-Bourdalle said the team predicts that inflation will gradually ease, the Fed is likely to keep interest rates unchanged this year, and will start a rate cut cycle in 2027. "Expectations of a downward policy rate are rising, likely depressing real yields and dragging on the US dollar, thereby boosting gold investment demand and creating a more favorable market environment for gold."