UBP reiterated its forecast for gold to reach $6,000 per ounce by year-end, aligning with similar calls from major institutions

In the latest report from Bloomberg, UBP said it is gradually rebuilding gold exposure in discretionary portfolios after cutting allocations from roughly 10% to 3% during the recent drawdown, with positions now recovering toward 6% as market conditions stabilize.

“We have taken the first steps to rebuild” gold portfolios after the flush-out of “one-sided positions.”

The bank attributed the earlier selloff to a combination of rising rate expectations and liquidity stress, as investors were forced to liquidate gold holdings to meet margin calls and cover losses across other asset classes. That process, UBP noted, has largely normalized positioning across both institutional and retail segments.

https://www.zerohedge.com/news/2026-04-14/swiss-bank-calls-6000-gold-year-end