UBS cut its 2026 gold forecast to $5,500/oz, driven by safe-haven demand amid Middle East tensions.

1 report, 1 independent Updated May 27

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

UBS Middle East Nasdaq

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Part of

Market forecasts are being adjusted due to the ongoing Middle East conflict, leading to caution regarding oil prices and the Strait of Hormuz.

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All 4 developments

Within US military conducted drills in Caracas on May 29, while Iran simultaneously released a new map claiming control over the Strait of Hormuz.

The entities involved

UBS
Swiss multinational investment bank and financial services company
- The Trump administration threatens tariffs on Switzerland, leading Switzerland to seek a new trade agreement with the US.Mon 00:13
- Following the acquisition of Credit Suisse, the Swiss parliament proposed new banking regulations for UBS.Sun 10:25
Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
- Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54
Nasdaq
American fully electronic stock exchange
- Apple Inc. stock is traded on Nasdaq, and Jefferies Financial Group restated a hold rating on the company.Mon 17:22
- Vanguard Short-Term Inflation-Protected Securities ETF is disclosing its holdings to the SEC and trading on the Nasdaq electronic stock exchange.Mon 16:28

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May 27tickerreport.com