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gold prices surge amid trade tensions and geopolitical risks
Gold prices are projected to reach $4,000 an ounce by mid-2026, driven by strong central bank demand and geopolitical tensions. Recent developments include a surge in gold trading in China amid trade war fears, while challenges arise from government actions in Ghana and Mali affecting mining operations. Analysts remain bullish on gold and related stocks, anticipating significant free cash flow growth for senior producers.
gold prices soar as market uncertainty drives safe haven demand
Gold prices have surged, with UBS raising its forecast to $3,200 per ounce amid ongoing trade tensions and market uncertainty. While gold has gained over 14% year-to-date, platinum has struggled, down 3.39%, as ETFs offload the metal. Analysts remain bullish on gold, citing strong demand and central bank purchases, despite potential risks from India's gold bond program and fluctuating investor sentiment in China.