Peter Kinsella

Short-term gold forecasts have been revised downward, reflecting the repricing of Federal Reserve expectations and the rise in short- and long-term interest rates observed in recent weeks.

London, 19th February 2026 - Union Bancaire Privée (“UBP”) has appointed Peter Kinsella as Head of Investment Services, UK, as it continues to strengthen its investment platform.

As we enter 2026, we maintain a constructive stance on gold, reflecting a widening investor base and its continued role in portfolio diversification.

The capture of Nicolás Maduro in a US-led operation has seized global attention. Washington has signalled its intention to oversee a transitional phase towards a new governing framework, while hinting at potential involvement by US energy companies in rebuilding Venezuela’s oil infrastructure. Beyond the headlines, what could this mean for the energy, oil and other resources markets, Venezuela’s sovereign debt, and geopolitics more broadly? Our experts delve into the implications.

The currency expert at the Swiss private bank Union Bancaire Privée expects the dollar to weaken further, takes a dim view of negative interest rates, and is taking advantage of low market volatility.

In September, gold rose to new all-time highs, approaching USD 3,700 per oz. The upward move reflected several factors.

The prospect of continued Fed rate cuts will weigh on the US dollar

The prospect of lower oil prices and possible Fed easing is benign for most G10 currencies.