#2026年比特币行情展望 The upper limit of gold prices has been raised again.

UBS Wealth Management's move this time is significant—directly adjusting the 2026 full-year gold target price from $4,500 per ounce to $5,000 per ounce. This is not a guess made on a whim; there is data support behind it.

The four core reasons driving up gold are actually quite clear: first, the pressure of dollar depreciation is increasing; second, geopolitical conflicts persist over the long term; third, the outlook for policies and systems in various countries is uncertain; fourth, global liquidity occasionally stalls.

In other words, the market is pricing in "long-term uncertainty," rather than betting on a sudden event.

What does this reveal? When gold, the traditional ultimate safe haven, continues to hit new highs and raises its target range, it actually reflects that—global big capital's trust in the fiat system is gradually loosening. This signal is worth pondering for those who focus on macro trends and asset allocation.