According to CoinMeta, UBS predicts that despite short-term risk of pullbacks, the gold price is expected to reach $5,200 by June 2027. UBS points out that the market is still digesting the risk of further interest rate hikes by the Federal Reserve, which will keep real yields high and increase the opportunity cost of holding unprofitable gold. Since the beginning of 2026, the gold price has fallen by nearly 5%. UBS warns that if the Federal Reserve continues to raise interest rates, the gold price may first pull back to $3,850. Despite being cautious in the short term, UBS remains optimistic about the long-term outlook for gold, expecting it to reach $5,200 by June 2027.