UBS Predicts Gold Price of $5,000 by Early 2027
Listen to the story
A big bank called UBS has made a new prediction. UBS thinks the price of gold will reach $5,000 by early 2027. Early 2027 means January to March of that year.
Gold is a yellow metal. People buy it to keep their money safe. Right now, gold costs $4,376 for one ounce. An ounce is a small unit of weight.
The gold price went up recently. There are two reasons for this. First, the US dollar became weaker. Second, new numbers about the American economy came out.
When the dollar is weak, gold often becomes more expensive. This is because gold and the dollar often move in different directions.
Big banks around the world, called central banks, are also buying more gold. Some people call this a new "gold rush." A gold rush is a time when many people want gold quickly.
UBS thinks gold prices will keep rising. Many people are watching gold prices closely now.
Vocabulary15 words
- gold
- a valuable yellow metal
- ounce
- a small unit used to measure weight
- US dollar
- the money used in the United States
- economy
- how money and business work in a country
- central banks
- big banks that control money for a whole country
- gold rush
- a time when many people want to get gold fast
- prediction
- a guess about what will happen
- price
- how much something costs
- bank
- a company that keeps and manages money
- weaker
- less strong
- rising
- going up
- metal
- a hard shiny material like iron or gold
- buy
- to get something with money
- numbers
- information shown as figures
- money
- what people use to buy things
Quiz
Answer key
1. $5,000 2. $4,376 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
A big bank called UBS has made a new _____. UBS thinks the price of gold will reach $5,000 by early _____.
Gold is a yellow _____. People buy it to keep their money safe. Right now, gold costs $4,376 for one _____.
The gold price went up recently. First, the US _____ became weaker. Second, new _____ about the American economy came out.
When the dollar is weak, gold often becomes more _____.
Big banks around the world, called _____, are also buying more gold. Some people call this a new "gold _____."
UBS thinks gold prices will keep _____.