UBS thinks gold's rally has real support, and they're calling for prices to hit $5,000/oz by H1 2027. The move so far: gold jumped 2% Friday after a soft jobs report cooled Fed rate hike bets, now up 8%+ in five sessions and sitting near $4,400/oz. Behind UBS's bullish case: steady Chinese buying, continued ETF inflows, and central banks still stacking gold. Near-term risks like oil prices or a more hawkish Fed could pressure things short term, but the medium-term outlook stays positive.(Lark Davis)