Why Gold Forecasters Keep Missing the Mark—and What That Means for Q4 2026 Targets

UOB's July 2025 gold call of $3,500 fell far short; spot prices rallied past $4,200. An October revision to $3,900 for 2026 again underestimated. Sell-side consensus now targets $4,600 by Q4 2026, yet the pattern of systematic low calls should give investors pause before treating that forecast as reliable.